Plattsburgh Officials Want Bitcoin Miners to Vacate the Small Town

Last week officials from the small town of Plattsburgh New York filed a moratorium request against bitcoin mining operations that currently reside in the town and future mining endeavors. The proposal was issued by the Mayors office and cites concerned over electricity use and energy consumption.

A Moratorium Filed Against Bitcoin Miners in Plattsburgh

Plattsburgh Officials Want Bitcoin Miners to Vacate the Small TownA few Plattsburgh politicians are concerned about bitcoin mining operating within the borders of the small American town. The towns old paper mill is now occupied by a mining operation and residents from Plattsburgh have environmental concerns over energy consumption. Then on March 2 a local law has been proposed called 270-28-J under Chapter 270 which imposes a moratorium on commercial mining operations in the town of Plattsburgh. There will be a public hearing in regard to the discussion on March 15 at the Common Council Chambers.

This local law shall impose a moratorium on applications or proceedings, or the issuance of approvals or permits for commercial cryptocurrency mining operations in the City of Plattsburgh, explains the Mayors proposal. The moratorium imposed by this local law shall be in effect for a period of eighteen (18) months from the effective date of this local law.

Any firm, person, corporation, or other entity that shall establish, place, construct, erect or in any way site or locate a Commercial Cryptocurrency Mining operation described in this local law in the City of Plattsburgh in violation of the provisions of this Local Law shall be subject to, in addition to any penalties prescribed by state or local law, a civil penalty of not more than $1,000.00 for each day or part thereof during which such violation continues.

If They Employed More People Read Would Be More Favorable Towards the Business Model
Mayor Colin Read

This past February Mayor Colin Read explained to the New York Times how mining operations were flocking to his town and consumed 10 percent of the towns power. Read told the publication he considers the miners to be a public nuisance. He said he would rather see operations that use that amount of electrical consumption have lots of employees in contrast to just machines. Read mentions the company Mold-Rite Plastics which consumes a lot of power but has over 200 employees. Read explains his issues stating:

The mining companies? They hire a security guard, and a guy who comes when something breaks.

The moratorium request will have to be deliberated in a public setting before Plattsburgh politicians can move forward. Mining operations within the area will likely defend their business operations in order for them to stay in business. Otherwise, if the Plattsburgh environmentalists and bureaucrats get their way its lights out for mining operations within the towns borders.

What do you think about the town officials from Plattsburgh New York wanting to shut down mining operations? Let us know what you think about this subject in the comments below.

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08.03.2018 / 21:00 86
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