Bitcoin moratorium

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One Bonner resident who is an investor in Bitcoin explained that her family can no longer keep their windows open during the summer, and that visitors who rent her Airbnb property complain about the noise. Climate Smart Missoula executive director Amy Cilimburg voiced her support for the emergency zoning and talked about the potential impacts of cryptocurrency mining nationwide.

The mines should be required to use renewable energy, and E-waste disposal should be mandatory, she said. If the county does impose a moratorium, it should use that year to study the potential future impact on electric rates for area residents, she said. Commissioner Jean Curtiss wondered about the future, saying there are too many unknowns about long-term impacts and projections.

A decision on the interim zoning might be made following the hearing, the board said. Missoula County commissioners delay decision on cryptocurrency mining moratorium.

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Impacts to greenhouse gas emissions and energy consumption were also widely discussed. Jan 28, — A few years ago, there was a lot of buzz about the North Country becoming the next Silicon Valley of cryptocurrency.

One of the companies to flock here was Coinmint. The cryptomining company set up shop in Plattsburgh in and declared its intentions to be a good citizen. In addition to that dispute, a local property manager says the firm was evicted from one of its Plattsburgh locations.

A cryptocurrency mining computer array owned by Digital Skynet is humming away - and sucking up lots of electricity - in Massena. Photo: David Sommerstein.

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Companies like Coinmint chose to come to the North Country because of the relatively low electricity prices here, thanks in large part to the hydropower dam on the St. Lawrence River in Massena. In both locations, racks of computer servers perform complex calculation s to generate cryptocurrency, such as bitcoin. When cryptomining began to take off in Plattsburgh, the cost of one bitcoin was skyrocketing.

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That brought hype around the possibility of big business and job creation in the North Country. Before you submit an error, please consult our Troubleshooting Guide. Your report has been successfully submitted. Thank you for helping us improve PBS Video. Skip to Main Content.

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