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
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