Greenidge Bitcoin Mining

Greenidge is an old coal power plant with an already bad environmental history. Once mothballed, it was converted to a gas fired plant for use as a “peaker plant”- toonlybe used when excess energy was needed by the public, 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 93,000 homes. That’s bigger than 2 of Amazon’s immense data centers; all so 2 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).

Negative Impacts of this expansion include:
- Increased Harmful Algal Blooms on Seneca Lake
- Harm to aquatic life in the lake
- Increased noise that travels throughout county and across the lake
- Negative impact on tourism and the overall economy of the Finger Lakes
- Reduced property values in Yates County and beyond
- Reduced tax base in Yates County, negatively impacting county services including fire, police, schools
- Increased greenhouse gas emissions, with no regulation, in the midst of climate crisis