Throughout the nation, Bitcoin mining corporations have tried to make households foot the invoice for Bitcoin’s monumental vitality consumption. Kentucky regulators’ current choice to reject a cryptocurrency mining subsidy sends a robust message that the wants of common vitality customers are extra necessary than crypto income.
© Tracie Williams / Greenpeace
Washington, DC (August 31, 2023)– On Tuesday, Kentucky’s state utility regulator rejected a controversial proposal by Kentucky Energy to offer hundreds of thousands in vitality worth reductions to Ebon Worldwide’s proposed crypto mining facility in Louisa, Kentucky. In response to this choice, Joshua Archer, Greenpeace USA Bitcoin Marketing campaign Lead, stated: “Throughout the nation, Bitcoin mining corporations have tried to make households foot the invoice for Bitcoin’s monumental vitality consumption. Kentucky regulators’ recent decision to reject a cryptocurrency mining subsidy sends a robust message that the wants of common vitality customers are extra necessary than crypto income. The proposed Bitcoin mine in Kentucky had the potential to burden ratepayers additional at a time of rising vitality costs and prolong the Huge Sandy gasoline plant’s life cycle till the distant yr of 2041. This choice is a big step ahead, however Ebon Worldwide’s proposed mining facility stays a menace to our efforts to avert the worst penalties of local weather change.”
“Bitcoin mining amenities trigger monumental quantities of air pollution and are a lifeline to the fossil gasoline business. Kentucky has taken an excellent first step to cease this one Bitcoin mine from exploiting and polluting a group. Nevertheless, the true concern lies in Bitcoin’s energy-intensive consensus mechanism and the techniques utilized by Bitcoin miners. Till Bitcoin strikes to a much less energy-intensive code, corporations like Ebon Worldwide will transfer from one group to a different trying to find extra alternatives to use communities and delaying progress on local weather change.”
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Contact: Gigi Singh, Greenpeace USA Senior Communications Specialist, [email protected], (631) 404-9977
Greenpeace USA is a part of a world community of unbiased campaigning organizations that use peaceable protest and artistic communication to show international environmental issues and promote options which can be important to a inexperienced and peaceable future. Greenpeace USA is dedicated to remodeling the nation’s unjust social, environmental, and financial techniques from the bottom as much as deal with the local weather disaster, advance racial justice, and construct an economic system that places individuals first. Be taught extra at www.greenpeace.org/usa.
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