Ephrata, Washington Suspends All Cryptocurrency Mining Activities for Next 12 Months
Mining activities have been banned for a year in the city of Ephrata, Washington. The information has been released by The Spokesman Review on October 19. Apparently, the suspension will be affecting cryptocurrency operations from being established in Ephrata.
It is important to mention that the existing companies and operations will continue operating as they were doing until now. Wes Crago, the Ephrata city administrator, said that four crypto operations are being relocated. These include those that operate at the Port of Ephrata, one in an industrial area of the city and another in a residential area.
In order to take this decision, it was necessary for a council vote. Six council members voted in favour of these regulations while Matt Moore voted against. According to Moore, a temporary ban can be a threat to the economic development of the city. However, Kathleen Allstot explained that the ban allows the council to understand what’s going on in the crypto world.
Clearly, cryptocurrency mining activities consume a lot of energy and produce a lot of noise. These mining activities became really popular in the Columbia Basin region. In order to be profitable, cryptocurrency mining activities must be powered by cheap electricity costs. And Columbia Basin cities have cheap electricity sources.
However, in Ephrata, these activities have created some inconveniences for the residents. Some people say that they experienced problems with electricity. The cooling systems required to maintain low temperatures in mining equipment consume an important amount of energy.
There are different cities that decided to ban crypto mining activities. According to the article, cities in the Grant County PUD developed new and high electricity rates for cryptocurrency firms that operate in these places.
Washington is one of the most important regions in the world related to cryptocurrency mining activities. China, Canada, Switzerland and Iceland are all good places for miners to settle their operations as well. Washington offers the lowest energy rates in the country. Businesses pay $8.42 dollars and individuals $9.56 dollars.
Back in April, Chelan PUD council members decided to enforce a moratorium on crypto mining activities. Individuals were mining virtual currencies without authorization, something that was considered as ‘unauthorized loads to law enforcement as power theft’
Mining activities have also created some controversies in Canada and in China. Quebec’s province in Canada halted approvals for new digital currency mining projects since it had to consider some restrictions on the activity, according to Reuters.
In China, instead, some mining farms were consuming a lot of electricity from cities located close to industrial parks.