New York faces a new legal fight over a proposed crypto-mining power plant
by Justine Calma from The Verge - All Posts on (#67XPW)
Cryptocurrency mining rigs operate in a cargo container in Kutaisi, Georgia, on Monday, January 22nd, 2018. | Photo by Daro Sulakauri / Bloomberg via Getty Images Environmental groups are pushing New York state to scrutinize a crypto mining company's purchase of a gas-fired power plant, contending in a new lawsuit that turning the power plant into a crypto mine would go against the state's climate goals and dump more pollution on nearby neighborhoods.
Sierra Club and the Clean Air Coalition of Western New York filed a suit on Friday that challenges the New York Public Service Commission's (PSC) approval of the sale. Under state law, the commission has to give the green light before the transfer of ownership of a power plant can take place. Until now, the commission has mostly focused on whether such a sale would affect residents' electricity rates or create a monopoly. The commission needs to...