A small town on the shores of Lake Champlain in upstate New York has declared war on miners who use cheap electricity from Canada.
Plattsburgh, whose residents love jokes about the Canadian border, has introduced an 18-month moratorium on bitcoin mining “to preserve natural resources, the health of its residents and the characteristics of the city.”
For a year and a half, the city of almost twenty thousand will not consider new applications for commercial cryptocurrency development. Anyone who breaks the rules will pay a fine to the city treasury, which will amount to $1,000 for each day of mining.
Mining, the process in which people or groups of people mine bitcoins using computers that solve complex mathematical problems, has been condemned by environmentalists for being resource-consuming. According to some estimates, in the near future one miner will use more electricity than all electric cars.
According to http://www.nwaonline.com
You May Also Like
Cloud mining is currently causing losses
The Internet is replete with stories about the super-profitability of cloud mining and offers to participate in this enterprise. If we exclude from this the banal scam of gullible citizens, then what will be the bottom line?
A plant producing mining devices will be built in Belarus
There is now a real mining boom on the territory of Belarus, which began after the signing of the decree “On the development of the digital economy” by the President of the Republic Alexander Lukashenko. Representatives of one of the Russian companies announced that they are planning to build an enterprise that will produce equipment for cryptocurrency mining.
