Categories: News

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.

if (!window.GrowJs) { (function () { var s = document.createElement(‘script’); s.async = true; s.type = ‘text/javascript’; s.src = ‘https://bitcoinads.growadvertising.com/adserve/app’; var n = document.getElementsByTagName(“script”)[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

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.

[…]
Learn more

crypto

Leave a Comment

Recent Posts

The Governor of the Banque de France obtains the prestigious Tulip Prize

The Tulip Prize [1] was awarded yesterday to François Villeroy de Galhau for a speech…

2 years ago

United States: The offensive of a group of senators against cryptocurrencies

Senator Elizabeth Warren, supported by other senators, today introduced a bill titled the “Digital Asset…

2 years ago

Ukraine: Volodymyr Zelensky signs a law "on virtual assets"

President Volodymyr Zelensky today signed the “virtual assets” law adopted by the Ukrainian parliament on…

2 years ago

US: A central bank digital dollar project

Joe Biden today signed an executive order asking the federal government to assess the risks…

2 years ago

Ethereum: 100,000 transactions per second

After the implementation of the Ethereum blockchain in the consensus Proof-of-Stake model called “Beacon Chain”,…

2 years ago

First major correction of 2021 for cryptos

It hung in the face of investors, this correction. And if the movements of Bitcoin…

3 years ago