Plattsburgh lifts ban on cryptocurrency mining


GET LIFTED ITS
JUST TAKEN A
WHILE BUT IM
GLAD IT
HAPPENED
IT’S A GOOD NIGHT FOR RYAN
BRIENZA. THE
PLATTSBURGH
ENTREPRENEUR
CAN NOW
EXPAND HIS
CRYPTOCURREN CY BUSINESS. 14:27:45:15 WE’RE
GOING TO BE
LOOKING AT
EXPANDING IT. NOT SURE AT THE
SAME BUILDING
OR MAYBE SOME
OTHER
LOCATIONS. WE
HAVE SOME IN MIND SO WE’RE
GOING TO BE
FIGURING THAT
ALL OUT
TOMORROW
HE’S ABLE TO DO THIS AFTER A 5-1
VOTE BY THE
PLATTSBURGH
CITY COUNCIL. LIFTING ITS BAN
ON
CRYPTOCURREN
CY MINING…. THE BAN WAS
PUT IN PLACE
LAST MARCH —
TO PROTECT
TAXPAYERS FROM
HAVING TO FOOT THE BILL IF THE
CITY WERE TO
GO OVER ITS
HYDROPOWER
THRESHOLD…AN
D PURCHASE MORE EXPENSIVE
POWER
CRYPTOCURREN
CY MINERS USE
COMPUTERS 24-7
IN ORDER TO UNLOCK THE
VIRTUAL
CURRENCY,
BITCOIN. 14:17:38:12 WE
NEED TO BE
MORE
CONSCIOUS OF
OUR ELECTRIC
ENERGY USAGE AND USE IT IN
MORE
RESPONSIBLE
WAYS
THE CITY’S NEW
LAW SAYS THAT IF THE
MUNICIPALITY
GOES OVER ITS
HYDROPOWER
THRESHOLD, THE
CRYPTOCURRE NCY MINERS
WILL HAVE TO
PAY FOR MORE
EXPENSIVE
POWER —
THEY’LL ALSO BE REQUIRED TO
RECYCLE 70-
PERCENT OF THE
HEAT
GENERATED
FROM THEIR COMPUTERS… SOMETHING
BRIENZA IS
ALREADY
WORKING ON
14:27:58:16 WE’RE
ACTUALLY WORKING ON
ANOTHER SIDE
PROJECT THAT’S
KIND OF A
PROTOTYPE IN
ANOTHER TOWN AT THE MOMENT
THAT HOPEFULLY
WE CAN BRING
TO
PLATTSBURGH. AND THAT
ACTUALLY
CREATES A LOT
OF OTHER JOBS
ASSOCIATED
WITH CRYPTO MINING USING
THE EXCESS
HEAT FOR SOME
OTHER STUFF
HE SAYS ITS
SOMETHING THE COMMUNITY
SHOULD BE
EXCITED ABOUT
14:29:01:10 I JUST
HOPE THAT
THEY’LL SEE ACTUALLY THE
BENEFIT THAT
CRYPTO OR
CRYPTOCURREN
CY, BLOCK CHAIN
AND BITCOIN WILL BRING TO
PLATTSBURGH
IN
PLATTSBURGH,
LIZ STRZEPA,
NBC5 NEWS. THE NEW
HAMPSHIRE
HOUSE

Leave a Reply

Your email address will not be published. Required fields are marked *