Montana’s 2nd Largest County Kicks Off Renewal Process for Crypto Mining Zone Regulations
Missoula county in the state of Montana is set to review its crypto mining zone regulation to permanent status, according to a local news media outlet, 8KPAX. The regulations that came into action back in April 2019 will expire this year, hence Missoula County Planning Board's new proposal.
The board met earlier this week, where it held the first public hearing on introducing a permanent regulation to crypto mining zones. While this was the initial meeting, the county will hold a series of public hearings before deciding whether to make the interim zoning controls permanent.
Missoula became a crypto mining favorite county as early as 2018 when miners discovered they could leverage its cheap hydroelectric power. This way, they could make more margins from mining cryptocurrencies like Bitcoin. However, this play was not sustainable.
The county’s residents complained about the noise pollution from mining rigs set up around the area. Other issues included the high uptake of electric power by the same machines. It was then that Missoula moved to enact interim regulations that limit crypto miners to industrial zones only.
Miners are also required to stick with renewable energy for their operations and contribute towards source building this form of energy. It now seems that Missoula will be making these regulations permanent, although no decisions will be made before the public session hearings are over.