Skip to main content

Seneca County Passes Measure Supporting Cryptocurrency Mining Moratorium

Email share
Local residents have protested the operation of the Greenidge facility in Dresden, NY.
Credit: Vaughn Golden/WSKG News

Cryptocurrency in New York State

The Seneca County Board of legislators passed a measure Tuesday to send a letter to New York Gov. Kathy Hochul asking her to sign legislation implementing a two-year moratorium on refiring fossil fuel power plants for the purpose of cryptocurrency mining.

The measure passed unanimously, an unusual feat considering the board consists of 13 Republicans and a lone Democrat. Republicans have largely rallied against the efforts to address environmental concerns associated with generating some types of cryptocurrency.

The resolution also asks Hochul to instruct the Department of Environmental Conservation to deny the renewal of air permits for Greenidge Generation. The department has said the plant is not in compliance with the state’s climate goals due to its Bitcoin mining operation.

“We are holding up our end of the deal to protect our environment and honor the state’s climate goals,” the letter to the governor reads. “We ask that you hold up the state’s end of the deal by denying Greenidge Generation’s air permit applications and signing the bill that issues a moratorium on these kinds of cryptocurrency operations.”

The Greenidge Generation facility sits across Seneca Lake in Yates County. The Yates County Legislature unanimously voted last year in favor of a resolution supporting the Greenidge facility.

The chairs of the county’s Republican and Democratic committees, Thomas Fox and David Wood respectively, also released a joint statement shortly after Tuesday’s vote, aligning themselves with the board of supervisors.

“While we are both proudly pro-business, there comes a point where the exploitation of our natural resources goes too far,” the joint statement read. “The continued operation of Greenidge Generation’s cryptocurrency mining operation threatens the health of Seneca Lake and is not consistent with the character of our communities or the nature of our thriving tourism industry. The Greenidge plant offers no practical benefit to the residents of Seneca County and its continued operation will only harm the residents and visitors that cherish the lake as we do.”

Hochul said recently that she is still considering whether to sign the moratorium legislation. The DEC has set a deadline of June 30 to address Greenidge’s permits.


New York NOWCryptocurrency & The Climate
Rating: NR

A cryptocurrency mining facility is causing concerns over its impact on the climate.

New York NOWWhat's Up With Tech in the State Budget?
Rating: NR

Adam Kovacevich from the Chamber of Progress, a tech coalition, offers his take.