The halt of wind power projects has triggered a chain reaction. New York State is suing the Trump administration over its decision to suspend two large offshore wind projects, which were originally expected to supply power to over 1 million households and significantly reduce dependence on fossil fuels. This move reflects a major shift in the direction of U.S. energy policy. For high-energy-consuming industries like crypto mining, the fluctuation in energy policy directly affects electricity costs and availability. Obstacles to renewable energy development mean that the green transition of power sources faces uncertainty, which will also impact the layout decisions of the entire industry chain.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
7
Repost
Share
Comment
0/400
BearMarketMonk
· 13h ago
The suspension of wind power is truly a nightmare for miners; when electricity prices rise, there's no profit left.
Now the green energy transition is about to accelerate, but with unpredictable energy policies, who dares to invest?
Offshore wind projects have been cut, and miners are once again worried about electricity costs...
Policy changes overnight; who would invest under such circumstances? It's too outrageous.
When energy policies swing wildly, us miners have to face power shortages; it's really tough.
The halt of wind power means electricity prices will rise; the mining community should prepare psychologically in advance.
Green energy seems to be too difficult a path; U.S. policies are still a bit chaotic.
View OriginalReply0
PessimisticLayer
· 01-10 20:05
Energy policy changes, and miners' wallets start crying
The suspension of wind power really impacts our industry; electricity prices are bound to soar
Again with policy reversals, it seems renewable energy still has to wait a few more years
When Trump took office, wind power was doomed; what happened to the promised green energy?
Unstable energy supplies cause mining costs to skyrocket, this is a real punch to the gut
Millions of households lost power, and our margins have to be cut accordingly
Now that's great, with wind power halted, graphics card electricity bills will soar again
Energy policies keep swinging back and forth, who the heck can plan anything?
View OriginalReply0
InscriptionGriller
· 01-10 19:53
When wind power is halted, miners have to shiver. Playing with energy policies like this causes electricity costs to skyrocket, and the death spiral for small mining farms is a sure thing.
View OriginalReply0
MEVSandwichVictim
· 01-10 19:51
This is bad news. With a swing in energy policy, miners' electricity costs will rise again.
View OriginalReply0
BearMarketBard
· 01-10 19:40
Wind power has stopped, and miners are panicking. Electricity costs are going to rise, brother.
Once again, policies are fluctuating. Who can accurately predict energy costs?
Now the green energy transition has to be postponed, and mining costs are skyrocketing.
U.S. policy turmoil, and we the hash rate seekers are the ones getting hurt.
Energy stability is getting worse and worse. Mining farm site selection really needs to be reconsidered.
View OriginalReply0
BoredApeResistance
· 01-10 19:39
Energy policy changes, miners are doomed to cry
---
Green energy is shattered, electricity bills are going to explode...
---
Trump causes trouble again, mining costs skyrocket
---
Wind power cut, electric companies are laughing, and our wallets are crying
---
This policy swings back and forth, luckily we still believe in sustainable development
---
Offshore wind projects are stranded, who will foot the bill, everyone?
---
Not everyone wants to go back to the fossil fuel era, right?
---
As electricity costs rise, the entire supply chain has to lie flat
---
New York State is going to sue, but miners have already run away
---
Policy uncertainty is the most disgusting, who dares to expand production?
The halt of wind power projects has triggered a chain reaction. New York State is suing the Trump administration over its decision to suspend two large offshore wind projects, which were originally expected to supply power to over 1 million households and significantly reduce dependence on fossil fuels. This move reflects a major shift in the direction of U.S. energy policy. For high-energy-consuming industries like crypto mining, the fluctuation in energy policy directly affects electricity costs and availability. Obstacles to renewable energy development mean that the green transition of power sources faces uncertainty, which will also impact the layout decisions of the entire industry chain.