Yvonne Taylor, Steve Inskeep, New York discussed on Morning Edition


News. I'm Steve Inskeep. And I'm no well, king. Good morning. Making or mining Bitcoins requires a lot of energy, which can mean burning more fossil fuels. Now, at the same time, states are making a push for clean energy. So does something here have to give Here's von Golden from member station W S. K G in New York's Finger Lakes. No, thank you. About 100. People are walking down the shoulder of the highway overlooking Seneca Lake. They're heading down to the Greenwich Generation Power plant. The natural gas fired facility generates some electricity. But what's gotten the attention of the activists is their generation of Bitcoin. They're protesting today because Greenwich is looking to expand its Bitcoin mining that would probably mean burning more natural gas and emitting more greenhouse gasses. Yvonne Taylor is vice president of Seneca Lake Guardian and is leading the opposition to Greenwich. We simply cannot allow this ludicrous scheme off burning fossil fuels to make fake money. In the midst of climate change, generating or mining. Crypto currency is complicated. There's no actual mining. That just is that a whole lot of computers do ah whole lot of calculations to create digital currency that requires a ton of energy, which can mean burning more fossil fuels. And that's the case with Greenwich. The plant isn't always producing electricity for the grid. So a few years ago, they figured out they could make a profit by using excess power to mine Bitcoin. Hale Irwin manages the plan. We came up to that It was a very good business.

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