free page hit counter

Another US province is facing problems related to crypto mining activities in its territory. This time, the second largest county in Montana is the protagonist of the story, looking forward to revisiting local mining business zoning.

Authorities to decide on making current rules permanent

According to KPAX, Missoula County authorities are attempting to hold a series of public hearings on the matter. In fact, they are aimed at creating zoning plans for bitcoin (BTC) mining operations permanently in the province.

The Missoula County Planning Board had the first talks at the beginning of this week, according to local media.

The story of the province’s relationship with crypto mining dates back until April 2019. Hyperblock, a Canadian company, built several 20 megawatt mining warehouses at the time. At first, authorities praised the fact that such a move provided the province with different jobs and income.

However, neighbors began to complain about the mining machines, the noise of the fan, and voicing concerns about possible environmental consequences. Authorities were forced to take urgent steps to regulate mining activities in Missoula.

Hyperblock did not have a positive attitude to the new local zoning plans, and after that they decided to file for bankruptcy in May 2020.

Cheap hydroelectric prices attract Crypto miners to Missoula County

The ongoing interim rules expire in April 2021. However, the county will decide whether or not to make the ordinance permanent after “multiple sessions of public comment,” said KPAX.

Missoula County is an attractive hotspot for bitcoin miners because of its cheap hydro power. While no decision has been made, miners may be looking for other crypto-mining-friendly US provinces.

A similar situation is happens in a region in the Pacific Northwest of the United States. Bitcoin’s bull run seen in late 2020 pinned public utilities (PUD) in Central Washington and checked for suspiciously high utility bills.

Officials claimed that crypto miners from China have come to the region to take advantage of the low prices for hydroelectric power plants.

What do you think about the public hearings on crypto mining activities in Missoula County? Let us know in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or invitation to an offer to buy or sell, or a recommendation or endorsement of products, services, or companies. does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source link

Leave a Reply

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