Mining

Plattsburgh becomes the first city in US to ban Mining

Plattsburgh, known for cheapest electricity in the whole of US has passed a bill that bans mining operations for next one and a half year.

The new bill only affects the new miners. Old mining companies and the individual can continue to mine so.

The new bill is not to halt mining operations. but to rather understand the tax and fee structure charged mining operation.

Plattsburgh – a relatively small city with 20,000 population is known for its cheap electricity. Due to Bitcoin’s price boom, many mining operations sprang up in Plattsburgh in 2017. This increased Plattsburgh electricity usage significantly.

The current Bitcoin mining operation consumes as much as 10% of the entire population’s electricity usage.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

blockmanity

Share
Published by
blockmanity

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago