New York says Bitcoin mining operation in Finger Lakes violates climate law | Hacker News Reader

New York says Bitcoin mining operation in Finger Lakes violates climate law

gothamist.com

52 pointspseudolus12 comments

I hope only financial ruin for everyone involved in a crypto mining operation using fossil fuel. For fuck's sake, the world is burning.

The article makes it sound like they've already broken even. Shut 'em down, nobody loses.

Just wait until they take this to the SCOTUS and have the climate authority of NY not being able to enforce this too.

Supreme Court will tell us we have no right to survival

Only the right to birth is specified in the constitution. Clean air, livable temperature, conserved sea levels, etc. are not protected by the constitution, is not in our country's history and traditions, etc....

At birth you're handed a gun. The air, water and food are poisoned. Armed militias roam the destroyed landscape. /s

If you had to choose between the wars brought on by a degenerate financial system pursuing fossil fuels, or fossil fuel powered deflationary assets for longer term global wealth storage - which would you pick?

Deflationary assets can also be used to start wars for fossil fuels. Since Bitcoin makes the energy problem worse, it leads to more such wars.

Absolutely disingenuous.

Bitcoin does not make the "energy problem" worse - the opposite is true in most cases. Here's a good example; it pushes the excess energy waste coming off of fossil fuel plants into a stable financial exchange system instead of bleeding it off for no reason.

Bitcoin is also not just a "deflationary asset" - the entire point is that you now have an instantaneous transfer financial backbone as opposed to needing a central bank's money printer to back your country so before another country decides they need your natural resources, you can actually purchase infrastructure and participate in the global economy and profit off of what you have instead.

What happens to countries that hold US dollar when the banks start printing? Where do they want to purchase assets, and who divests from their domestic assets?

What an absolutely unread take on it - and what a great representative of the closest approximation to average research done on the topic.

It turns out the nasty things I thought were limited to coal fired plants still emerge from natural gas fired plants, like mercury and arsenic.... which surprised me.

The social contract when issuing a operating permit for a plant to burn things is that the social good of the energy produced for society outweighs the social costs of the pollution.

Clearly, since they aren't selling the power they produce exclusively to the public... there's no social good at play, only socialized costs.

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