Missoula County, Montana Sparks Up Bitcoin Mining Deliberations Again
The Missoula County Commission will resuscitate its public hearing on the mining of virtual assets on September 27th, 2018. The commission will deliberate on the effective ways to lessen the impacts of noise, electrical left-overs, as well as the consumption of energy from corporate and industrialized advancement. The commissioners are in the business of seeking public input on how to monitor the impacts.
According to Diana Maneta, the county’s conservation of energy and sustainability director, she will demonstrate further information which they have collected in response to queries which were raised in the previous public hearing. The public hearing took place on June 1th, 2018, and was initially scheduled for August 9th, though it was rescheduled again.
Diana asserts that the commission did not have the opportunity to distinguish the internal discussions from the hearings which were postponed by the commission. Initially, the county had deliberated on banning new or increased virtual asset operations. However, the commissioners are considering other options for the sake of provisional zoning.
Prospects Of Investigating Regulations
The commission has also indicated to the staff that they are interest in looking into investigating regulations which may target some impacts related to the industry. Some of the key aspects they are looking into include noise regulations, waste regulations as well as everything regarding energy. This will not be confined to just the crypto space, but more generally also.
In the course of the public hearing which took place in June, about seventy five individuals attended the event, which was held at the County Courthouse Annex. There were a number of presentation which took about two hours, as well as a testimony regarding the proposed twelve months ban on innovative or extended virtual assets activities in Missoula County. The county also collected approximately sixty-five recorded commentaries on the proposal.
By and large, the observations at the hearing were split in those who are in support of, or those who are opposed to the recommended moratorium. The majority of people who were opposed to the issue were majorly from Bonner. Most of them reside close to a large facility where Project Spokane has established a Bitcoin mining venture.
Concerns Regarding Noise
They expressed their apprehensions concerning the noise which will be produced by the approximately four hundred fans located within the store room. The blades of the fans have however been switched out to lessen the noise, in addition to reducing the emission of greenhouse gases.
People who are opposed to the facility are also concerned about the amount of energy used in the mining of the cryptos. Apparently, the amount of energy consumed is equivalent to the amount of energy used by the average American household in two years.
The commission is also concerned about the increase in demand for electricity, which is likely to result in safety risks to local energy dissemination systems, leading to an increase of rates for other clients.
However, those in support of the project said they have had an increase of income from the well-paying jobs. Interestingly, Project Spokane of late publicized how silent the new fans have become. In the course of the public hearing, the project’s manager, Dan Stivers asserted that they purchase clean energy, and renewable hydroelectric sources of energy from Energy Keepers Inc, which is located at the Kerr Dam.
Compliance with regulations
Stivers further said that the project complies with all the existing codes of practice as well as regulations. Additionally, they reprocess, repurpose and remarket all the used hardware. Apparently, Bitcoins are most famous of all the types of virtual assets which exceed 1,200. This is due to the fact that it is intangible, and its value varies on a daily basis. Bitcoin is usually mined using highly powered CPUs that can solve complex mathematical problems.
In conclusion, the county is welcoming commentaries as well as attendance at the public hearing. Background information can be accessed on the county’s website. Additionally, people can also submit comments at any time before the hearing via the virtual form.