Throughout the nation, Bitcoin mining firms have tried to make households foot the invoice for Bitcoin’s huge vitality consumption. Kentucky regulators’ current choice to reject a cryptocurrency mining subsidy sends a strong message that the wants of common vitality customers are extra essential than crypto earnings.
© Tracie Williams / Greenpeace
Washington, DC (August 31, 2023)– On Tuesday, Kentucky’s state utility regulator rejected a controversial proposal by Kentucky Energy to present thousands and 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, mentioned: “Throughout the nation, Bitcoin mining firms have tried to make households foot the invoice for Bitcoin’s huge vitality consumption. Kentucky regulators’ recent decision to reject a cryptocurrency mining subsidy sends a strong message that the wants of common vitality customers are extra essential than crypto earnings. The proposed Bitcoin mine in Kentucky had the potential to burden ratepayers additional at a time of rising vitality costs and prolong the Massive Sandy fuel plant’s life cycle till the distant 12 months of 2041. This choice is a big step ahead, however Ebon Worldwide’s proposed mining facility stays a risk to our efforts to avert the worst penalties of local weather change.”
“Bitcoin mining services trigger huge quantities of air pollution and are a lifeline to the fossil gas trade. Kentucky has taken first step to cease this one Bitcoin mine from exploiting and polluting a group. Nonetheless, the true subject lies in Bitcoin’s energy-intensive consensus mechanism and the ways utilized by Bitcoin miners. Till Bitcoin strikes to a much less energy-intensive code, firms like Ebon Worldwide will transfer from one group to a different trying to find extra alternatives to take advantage of communities and delaying progress on local weather change.”
Contact: Gigi Singh, Greenpeace USA Senior Communications Specialist, [email protected], (631) 404-9977
Greenpeace USA is a part of a world community of impartial campaigning organizations that use peaceable protest and artistic communication to reveal international environmental issues and promote options which might be important to a inexperienced and peaceable future. Greenpeace USA is dedicated to reworking the nation’s unjust social, environmental, and financial methods from the bottom as much as handle the local weather disaster, advance racial justice, and construct an economic system that places individuals first. Be taught extra at www.greenpeace.org/usa.