Affordable Crypto Debate — Michael Casey

The trio visited Dresden, NY, dwelling of Greenidge Era’s bitcoin mining operation, which has change into a lightning rod within the wider debate over Bitcoin’s environmental impression and, particularly, the political battles over New York State’s transfer final yr to impose a ban on new mining initiatives. They discovered that either side have made wildly exaggerated claims concerning the hurt or advantages of Greenidge’s operation. New York Assemblywoman Anna Kelles, a Democrat, has repeatedly made the false declare that the power is heating close by Seneca Lake and killing aquatic life. On the similar time, many mining advocates dramatically overstate group advantages such because the variety of jobs created.