New York state once again delayed its decision on whether to allow operations to continue at a power plant used for Bitcoin mining, pushing back its controversial ruling until after primary elections are held in June.
The cryptocurrency industry and environmental advocates have watched closely for the decision on the Greenidge permits, which they view as a sign for whether New York will allow Bitcoin mining operations at dormant power plants across the state. Bitcoin, the world’s dominant cryptocurrency, depends on so-called miners whose high-powered computers run day and night to process transactions and earn rewards in the valuable virtual currency.
Mining has also become an issue in
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