Bitcoin News and Finance
New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium Skip to main content

New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium

New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium

A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin mining operations.

Officials From Town of Massena Don’t Like the Look of Bitcoin Miners Operating Alongside Route 42

The town of Massena, with a population of around 13K, has attracted bitcoin miners according to a report from Reuters. The New York town’s officials have taken issue with bitcoin miners and the authorities plan to impose a 90-day moratorium on any new bitcoin miners looking to tap into the town’s energy sources.

According to Massena Town Supervisor Steve O’Shaughnessy, the town doesn’t want Massena’s roadsides to be filled with shipping containers that house mining rigs.

“We don’t want it littered with these trailers that are pumping out bitcoin,” O’Shaughnessy told WWNY-TV. “We just want to make sure if they’re going to come here, that it’s a nice presentable building,” he added.

New York Town Bemoans Roadsides ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium
Photograph of the alleged mining operations via the regional news station WWNY-TV.

The report notes that there’s been a surge of cryptocurrency miners setting up shop in Massena. The electrical company Massena Electric is currently in the midst of negotiations with three prospective operations.

“The key components for the developers is low-cost electricity and reliability, which are two things we’ve always had,” Andrew McMahon, Massena Electric’s superintendent said. Reports say Route 42 in Massena near Fort Covington has numerous mobile bitcoin mining units that are housed in shipping containers.

Massena Electric told WWNY-TV that the deals with bitcoin miners always come second to current customers but “customers could even benefit from the increased sales.”

New York Continues to Have Tussles With the Bitcoin Mining Industry, Route 42 Mining Facility Advertised for Sale

The crypto mining operation Petawatt Group is located in Massena, as the firm was able to purchase 140 acres of land two years ago. Petawatt Group and its co-founder Jason Rappaport say bitcoin mining operations can potentially bring jobs to Massena locals.

“We’re not like some new operation that decamped from somewhere else and coming in and trying to find power, you know, relatively inexpensively, and not being part of the community,” Rappaport stressed to the local news station.

New York Town Bemoans Roadsides ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium
Interestingly, around the same time the Massena town officials started to complain, an advertisement for a cryptocurrency mining facility located on Route 42 was listed for sale. The property offers “power and location” for $299,000 and claims the owner can get energy at rates as low as $0.03 per kWh. “The facility has approved 2 MW power available underneath three-phase power lines owned by Massena Electric Department,” the ad details. “The electrical service can potentially be upgraded to 10MW and even above.”

New York and bitcoin miners have seemed to go hand-in-hand because of the state’s abundant access to cheap hydropower. However, residents and officials from a few New York communities have taken issue with bitcoin miners in a similar fashion.

For instance, residents who live alongside Seneca Lake blamed bitcoin mining for heating up the water. The lake was “so warm you feel like you’re in a hot tub,” a report by NBC News noted at the time.

Democrat senator Kevin Parker also introduced a bill that seeks to establish a three-year moratorium on any bitcoin mining operations in the state. The Committee on Environmental Conservation reviewed the bill on May 3.

The bill declared that cryptocurrency miners should be responsible for the environmental impacts the industry might cause the state. Senator Parker insists cryptocurrency mining has a negative environmental impact and mining businesses would have to pass state greenhouse gas emission targets in order to continue.

What do you think about the issues bitcoin miners are having in Massena, New York? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory