Striving for the Impossible: The Fair Crypto Debate

The trio visited Dresden, NY, home of Greenidge Generation’s bitcoin mining operation, which has become a lightning rod in the wider debate over the environmental impact of bitcoin and, in particular, New York state’s move last year to ban the new Political fight over mining projects. They found that both sides made wildly exaggerated claims about the loss or profit of Greenidge’s operation. New York Assemblywoman Anna Kelce, a Democrat, has repeatedly falsely claimed that the facility is heating up and killing aquatic life near Seneca Lake. At the same time, many mining advocates dramatically exaggerated the benefits to the community such as the number of jobs created.