Fun

Montana County to Hold Public Hearings on Zoning Rules for Crypto Miners Amid Growing Complaints

News Feed - 2021-01-23 01:01:23

Montana County to Hold Public Hearings on Zoning Rules for Crypto Miners Amid Growing Complaints


Another U.S. county is facing troubles related to crypto mining activities within its territory. This time, the second-largest county in Montana is the protagonist of the story, who will look forward to revisiting local zoning for mining operators. Authorities to Decide on Making Current Rules Permanent


According to KPAX, Missoula County authorities seek to hold a series of public hearings addressing the matter. In fact, they are targeting to make zoning rules for bitcoin (BTC) mining activities permanent in the county.


The Missoula County Planning Board already held the first conversations at the start of this week, said the local media outlet.


The tale of the county’s relationship with crypto mining dates back to April 2019. Hyperblock, a Canadian company, built several 20-megawatt mining warehouses at the time. In the beginning, authorities praised the fact that such a move brought several jobs and revenues to the county.


However, neighbors started to complain about the mining machines, fan noise, and raising concerns about potential environmental impacts. The authorities were forced to take urgent measures to regulate mining activities in Missoula.


Hyperblock didn’t have a positive stance towards the new local zoning rules, and afterward, they decided to file for bankruptcy in May 2020.


Cheap Hydroelectric Prices Attracts Crypto Miners to Missoula County


The ongoing interim rules are due to expire in April 2021. However, the county will decide on whether or not to make the regulation permanent after holding “multiple sessions of public comment,” said KPAX.


Missoula County is an attractive hotspot for bitcoin miners due to its cheap hydroelectric power. Although there is no decision in place, miners could be looking for other crypto mining-friendly U.S. counties.


A similar situation is happening in a region in the Pacific Northwest of the United States. Bitcoin’s bull-run seen at the end of 2020 put the public utility districts (PUD) in Central Washington on high alert, monitoring for suspiciously high power bills.


Officials claimed crypto miners from China have come to the region to take advantage of its low hydroelectricity prices.


What do you think about the public hearings on crypto mining activities in Missoula County? Let us know in the comments section below. Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s MINING | 1 day ago Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today"s Banking System MINING | 3 days ago Tags in this story Bitcoin mining, Bitcoin Mining Costs, cheap electricity, consuming electricity, crypto mining, montana, United States


Image Credits: Shutterstock, Pixabay, Wiki Commons Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Japanese exchange BitFlyer to acquire FTX Japan
Helen Partz1 hour agoJapanese exchange BitFlyer to acquire FTX JapanFTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023.503 Total v
Still Sleeping On XRP? Analyst Says $8 Breakout Is ‘Just Waiting’
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Billionaire Peter Thiel Says Bitcoin Could Rise 100x — Unveils BTC’s Enemy List With Warren Buffett at Top
Billionaire Peter Thiel Says Bitcoin Could Rise 100x — Unveils BTC"s Enemy List With Warren Buffett at Top Billionaire Paypal co-founder Peter Thiel has compiled a list of bitcoi
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’ According to the U.S. Federal Reserve, the central bank’s Fednow paymen
Central Bank of Uruguay Describes Roadmap to Crypto Asset Regulation
Central Bank of Uruguay Describes Roadmap to Crypto Asset Regulation The Central Bank of Uruguay has issued a statement describing a roadmap for the regulation of cryptocurrency as
Derek Andersen2 hours agoDigital Dollar Project completes CBDC retail remittance pilot with Western UnionThe project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost
Ethereum’s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge
Ethereum"s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge While the Ethereum community is getting prepared for The Merge and the protocol’s trans
Tom Blackstone3 hours agoUniswap launches Android wallet beta for Google PlayUniswap launched a beta version of its wallet app for Android, paving the way for a Google Play Store launch once testing is complete.1264 Tota
Prashant Jha11 hours agoArbitrum-based Rodeo Finance exploited for second time, $1.5M stolenThe exploiter manipulated price oracles to gain the upper hand on trades executed using the manipulated price.1326 Total views2
Goldman Sachs Executive Reportedly Resigns After Making Millions Investing in Dogecoin
Goldman Sachs Executive Reportedly Resigns After Making Millions Investing in Dogecoin A Goldman Sachs executive has reportedly resigned from the investment bank
Survey: More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved Their Personal Finances
Survey: More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved Their Personal Finances A recent survey has offered some insight into the real opinions Salvadorans ha
Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices
Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global