Breaking

Friday, April 13, 2018

The American city that has banned cryptocurrency mining...


The city of Plattsburgh in upstate New York issued an 18-month moratorium on cryptocurrency mining. 

Plattsburgh is part of a long-standing power agreement that gives the city an allotment of some of the cheapest electricity anywhere in the world, but a recent influx of cryptomining companies and their energy-draining rigs have raised power prices at the expense of the general population. 

The ban is meant to be a temporary arrangement, but it could potentially end all cryptomining investment in the city. (Via Motherboard)

-------