Green Energy: In NY, Bitcoin Mining Saved The Oldest Working Hydroelectric Plant

Another day, another hydroelectric plant saved by Bitcoin mining. For the untrained eye, the narrative that says that Bitcoin incentivizes green energy might seem convenient. However, each day more concrete examples come to light. Like the Navajo Nation case. Or this hydroelectric plant in Costa Rica. In contrast, China banned Bitcoin mining and some hydroelectric plants immediately closed. Anyway, today we’re talking about the Mechanicville Hydroelectric Plant in New York. Located near de Hudson River’s shore, in the Town of Halfmoon, Saratoga County. The place is listed on the National Register of Historic Places, that’s the main reason it was never torn down. According to Times Union, the plant is “the oldest continuously operated hydroelectric station in the U.S.” and it “was nearly dismantled.“ this plant should become a #bitcoin museum of the start of a trend – #bitcoin funded green power expansion, in this case preserving green power about to be closed! https://t.co/814CJCy8pV — Adam Back (@adam3us) January 16, 2022 “We think this is the oldest renewable energy facility in the world that’s still running,” said Jim Besha Sr., CEO of Albany Engineering Corp.” That company owns the Mechanicville hydroelectric plant. And how does the station relate to Bitcoin mining? “Despite getting the plant back to full power, there’s not a lot of profit in running a plant that still uses all of the original 1800s machi...