Sunday, July 25

Greenidge Generation

Bitcoin, Bitcoin Mining, Finger Lakes, Greenidge Generation, Greenidge Generation Holdings, Markets, New York, Seneca, Tech Insider

A controversial bitcoin mining operation has made a New York lake’so warm you feel like you’re in a hot tub’

Greenidge is allowed to take in 139 million gallons of water and discharge 135 million gallons daily, which local residents say is heating up Seneca Lake. John Greim/LightRocket via Getty Images Local residents say a power plant is heating Seneca Lake and emitting huge amounts of greenhouse gases. The gas-fired plant is used to power at least 8,000 computers that are mining bitcoin. The plant's CEO says it's operating within the law, and has created 31 jobs. See more stories on Insider's business page. Local residents have blamed bitcoin mining for heating up the largest of the Finger Lakes in upstate New York, with one saying it's "so warm you feel like you're in a hot tub," according to a report by NBC News.Their complaints centre on a gas-fired power plant that's being used to...
Bitcoin, Bitcoin Mining, Finger Lakes, Greenidge Generation, Greenidge Generation Holdings, Markets, New York, Seneca, Tech Insider

A controversial bitcoin mining operation has made a New York lake’so warm you feel like you’re in a hot tub’

Greenidge is allowed to take in 139 million gallons of water and discharge 135 million gallons daily, which local residents say is heating up Seneca Lake. John Greim/LightRocket via Getty Images Local residents say a power plant is heating Seneca Lake and emitting huge amounts of greenhouse gases. The gas-fired plant is used to power at least 8,000 computers that are mining bitcoin. The plant's CEO says it's operating within the law, and has created 31 jobs. See more stories on Insider's business page. Local residents have blamed bitcoin mining for heating up the largest of the Finger Lakes in upstate New York, with one saying it's "so warm you feel like you're in a hot tub," according to a report by NBC News.Their complaints centre on a gas-fired power plant that's being used to...