Montana Delays Bitcoin Mining Ban, Further Crypto Electricity Cost Inquiries Necessary
Montana County Does Not Understand Bitcoin Mining and Delays Ban
Bitcoin and cryptocurrency mining activities have been expanding all over the world, and many places have decided to ban these activities. The truth is, they consume important amount of energy that could be used for villages, towns or industrial parks.
A county located in the U.S. state of Montana has decided to delay its decision about banning bitcoin mining activities because they say they do not understand how it works and the impact it can have in the long term.
Jean Curtiss, commissioner of the Missoula County Commission explained that they couldn’t decide what to do with mining activities, after a two-hour hearing on June the 14th. Proponents and opponents of crypto mining activities exposed their views and opinions on how to better regulate the industry. The information has been released by a local news source known as the MIssoulian.
Bitcoin Mining Ban?
The commission had to cast a vote on a proposed ban to cryptocurrency mining activities in the region. But the decision has been delayed until August. The county said that they need more time to review details before taking a decision.
Jean Curtiss commented about it:
“We all understand that we don’t understand. We don’t know all the impacts in the future or the long game.”
The opponents of Bitcoin mining activities recognized and marked five important things including noise pollution from computer cooling devices, potential increase in electricity prices, more greenhouse gas emissions, fire hazards caused by all the computers running, increased electronic waste.
Mining activities have become very popular in Montana because the region has low electricity prices and cool temperatures during the year. At the moment, two important crypto mining plants operate in MIssoula, and one of them was one of the largest in the world.
But all the complaints that have been made by the community are based on real facts. And this is what Joanne Weimer, a resident at the Missoulian county believes.
“The noise is bad,” commented Joanne Wimer. “Some people are going to have to move. Our property values are going down.”
Some of those who propose to allow mining activities say that in the future, there is an intention of changing the old fans for newer with less noise. At the same time, it is possible to buy clean energy from renewable energy plants in the region.
Bitcoin price are falling, and this is creating less interest for mining activities. In the future, as soon as the price starts to move up again, these mining farms could start to expand even at higher rates than before.