Description: A closer look at massive scale behind the meter crypto mining.
new york (12515) bitcoin (6898) crypto (4495) power (3356) lake (2117) mining (1923) carbon (1069) upstate (221) seneca (171) cryptomining (6)
About Resources Act Behind the Meter The private exploitation of previously decomissioned electric utility infrastructure.
Massive scale cryptomining operations are quickly moving into the United States now that they have been completely banished from China. ¹ Largely developed by private equity firms, well funded entities are scooping up decomissioned coal and natural gas power stations – not to provide energy to the grid – but instead to operate in the grey-area of “behind the meter” self service. ²
There are a number of issues that must be examined in order to understand the impact of these cryptocurrency mining facilities.