On Friday, Bitcoin mining business Greenidge Generation announced that starting from June 1, the company will achieve “carbon neutrality” in 2021 and beyond. Greenidge’s announcement follows the recent statements made by Tesla and Square.
New York-based Bitcoin miners plan to be carbon neutral on June 1 and beyond
Since Tesla mentioned environmental issues related to Bitcoin (BTC) mining and stated to the public that it would not accept Bitcoin for electric vehicles, this topic has been widely spread in social media and crypto forums. After Tesla’s announcement, Square, a financial technology payment company, also stated to the public that it would not buy Bitcoin in the future. Now, a mining company in Dresden, New York, has announced that it plans to be “carbon neutral” after June 1, 2021.
Greenidge Generation Holdings Inc. detailed on Friday that the company will offset all greenhouse gas emissions from BTC mining through a fully recognized offsetting credit portfolio this summer.
In addition, Greenidge is exploring alternative green energy sources and has demonstrated a good environmental reputation in other parts of the country. Basically, Greenidge’s goal is to purchase “voluntary carbon offsets in the US greenhouse gas reduction project portfolio.” In addition, the New York company said it plans to invest a portion of BTC mining profits in renewable energy projects.
The company emphasized that “each emission reduction project” has been audited and certified by one of the three recognized offset project registration agencies, the American Carbon Registry (ACR), the Climate Action Conservation Area (CAR) and Verra, to ensure that Greenidge Any project funded will reduce emissions or increase the sequestration of greenhouse gases in a true, permanent and verifiable manner. “
Leading environmental protection work
Jeffrey Kirt, CEO of Greenidge Generation Holdings, believes that the company is demonstrating its ability to keep BTC mining green.
“Our Bitcoin mining capabilities are already top-notch and can be seamlessly integrated with our power generation equipment that powers thousands of homes and businesses,” Colt said in the statement. He added: “By taking bold and unique steps to make our cryptocurrency mining immediately and fully carbon neutral, instead of some distant future in the future, Greenidge is once again leading the way in environmental protection.”
Greenidge executives continued:
We are demonstrating that we can provide the same critical transaction verification and processing services to ensure the security of the Bitcoin network while maintaining a completely carbon-neutral footprint. We call on others to join us and now greatly reduce greenhouse gas emissions.
The company said that Greenidge has also participated in the Regional Greenhouse Gas Initiative (RGGI). The RGGI program allows states to participate in CO2 quotas through auctions and renewable energy revenue programs.
“The reason why our Finger Lakes region likes Greenidge is simple: we are part of the community and we care,” concluded Dale Irwin, CEO of Greenidge’s Upstate New York site. We have always been committed to stop using coal forever. We operate a clean natural gas plant with modern emission control measures, and we have created a data processing center that can provide high-paying technical jobs and spend hundreds of dollars for businesses across the state. Ten thousand U.S. dollars. “
How do you think Greenidge Generation will achieve carbon neutrality by June 2021? Let us know your thoughts on this topic in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Greenidge Generation,
Disclaimer: This article is for reference only. It is not a direct offer or solicitation of an offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or allegedly caused by the use or reliance on any content, goods or services mentioned in this article or related thereto.