Bitcoin Power Plant Permit Denied

What is happening? New York regulators denied a permit for a power plant that would have provided most of its power generation to a bitcoin mining facility.

Why is this important? The basis of the denial was that the “plant’s operation would be “inconsistent with the statewide greenhouse gas emission limits” established in the Climate Leadership and Community Protection Act”

How will this be important? Worldwide, bitcoin mining consumes as much electricity as the country of Argentina, with a population of 45 million

Governing | New York Denies Permit for Bitcoin-Mining Power Plant