• The debate around the environmental and community impacts of Bitcoin mining operations is ongoing, with Greenidge Generation in upstate New York at its centre.
• Locals who live near the facility feel as though they have been excluded from this discussion.
• In order to better understand what is happening on the ground, CoinDesk reporters visited the towns adjacent to the mining operation.
Bitcoin Mining Debate
The debate surrounding bitcoin mining has been intensifying in recent months, with a particular focus on Greenidge Generation – a bitcoin mining operation based in upstate New York. As this debate heats up, local communities living near the facility feel as though they are being left out of discussions that could have a direct impact on their lives. To gain an understanding of how people living close to Greenidge view the situation, CoinDesk reporters visited towns immediately adjacent to the mining operation.
Ignoring Affected Communities
Those living next door to Greenidge’s facilities were concerned that their voices had not been heard throughout this process, and that their perspectives were not being taken into consideration by those debating from afar. This lack of input has led to an inaccurate portrayal of the industry which results in a snowballing of misinformation and false assumptions about crypto-mining operations like Greenidge Generation’s role in their local communities and environment.
CoinDesk was able to gain insight into how residents perceive crypto-mining operations during its visit; locals felt positively about them overall but did express concerns over water usage and other aspects related to energy consumption. Many also felt that there was an opportunity for such operations to work more closely with locals, creating jobs for them and providing additional economic benefits for area businesses.
Real Impact On Policy
Not only is this misinformation having an impact on public opinion regarding cryptocurrency, but it’s also having real implications for policy decisions concerning crypto-mining firms like Greenidge Generation – particularly in regards to taxation or regulation aimed at controlling pollution levels or energy consumption due to bitcoin mining activities.
The debates surrounding cryptocurrency continue both nationally and locally – however it’s clear that without proper input from those affected by these decisions it can be difficult to form meaningful action plans or regulations which address all sides of any issue fairly and accurately. By visiting small towns adjacent to Greenidge Generation’s facilities, CoinDesk was able to gain insight into how locals truly view bitcoin mining operations – something which could be invaluable moving forward when deciding upon potential legislative changes impacting these types of firms.