Mark Mason
Well-known member
Plattsburgh, NY, Concerned over Energy Costs, Bans Cryptocurrency Mining
Plattsburgh, a city located in northern New York State in the US, has decided to place an 18 month moratorium on cryptocurrency mining because of energy usage concerns.
Coinmint is the largest miner within the city and used about 10 percent of the city’s energy supply in January and February. Plattsburgh Mayor, Colin Read, said he heard “a lot of complaints that electric bills have gone up by $100 or $200” USD and that regulations on commercial mining were needed before there is an “irreversible change to the character and direction of the city.” The city will consider all “server farms” as “three or more interconnected computers housed together” whose primary purpose is to “perform cryptocurrency mining or associated data processing.” The city will leverage a fine of no more than $1,000 USD for each day an individual or business is in violation.
Read more: https://www.dashforcenews.com/plattsburgh-ny-concerned-over-energy-costs-bans-cryptocurrency-mining/
Plattsburgh, a city located in northern New York State in the US, has decided to place an 18 month moratorium on cryptocurrency mining because of energy usage concerns.
Coinmint is the largest miner within the city and used about 10 percent of the city’s energy supply in January and February. Plattsburgh Mayor, Colin Read, said he heard “a lot of complaints that electric bills have gone up by $100 or $200” USD and that regulations on commercial mining were needed before there is an “irreversible change to the character and direction of the city.” The city will consider all “server farms” as “three or more interconnected computers housed together” whose primary purpose is to “perform cryptocurrency mining or associated data processing.” The city will leverage a fine of no more than $1,000 USD for each day an individual or business is in violation.
Read more: https://www.dashforcenews.com/plattsburgh-ny-concerned-over-energy-costs-bans-cryptocurrency-mining/