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Background on Greenidge Generation
Greenidge is an old coal power plant with an already bad environmental history. It was converted to a gas-fired plant for use as a “peaker plant”- to be used only when excess energy was needed by the grid, and not run continually.
Now, its out of state owners at Atlas Holdings want to expand operations by proposing an increase of 700% from historical use for a privately owned bitcoin operation which would consume enough power to fuel more than 90,000 homes.
That’s bigger than 2 of Amazon’s immense data centers; all so millionaire Private Equity guys in Connecticut can generate 5 bitcoins per day.
Greenidge is using a 67-year old steam turbine that operates at 35% efficiency and should have been retired decades ago (by comparison modern turbines operate at 65% efficiency).