New York City Councilman Wants To Revisit The Plattsburgh Crypto Mining Ban To Lift Moratorium
City Councilman Wants The Plattsburgh Crypto Mining Ban Relooked Into
At the height of the cryptocurrency mining craze in March 2018, Plattsburgh, a small city in New York enforced a law that not every crypto miner was happy about. The town, then battling an influx of cryptocurrency miners who had forced the power bills to skyrocket, decided to enforce an 18-month ban on all types of crypto mining operations.
According to the City Council, the ban was deliberated upon and subsequently imposed owing to the incessant noise from the mining rigs. The moratorium is still on since the 18-month period hasn’t elapsed yet.
A Councilman Wants The Matter Re-Looked Into
However, a City Council employee called Patrick McFarlin has set out to challenge the ban. Through an ambitious resolution aimed at compelling the authorities to lift the sanction, City Councilman has formulated two reasons to that effect.
Reported by a local news outlet, Press-Republican, McFarlin wants the ban to remain on the mind of the locals. According to him, the city council’s hierarchy should not forget the moratorium and why it came into effect. He also wants the public to take time and reach out to the council for their concerns.
He argues that the law came into effect when the authorities were acting out of a matter of urgency. He says it wasn’t actually the city officials, but rather the state officials who decided to do it. The agencies believed that the ban would end if by the end of the period the issues would have been resolved.
Reason For The Massive Influx Of Miners
The massive invasion of spirited miners into the little city, tucked away near the shores of Lake Champlain, was as a result of the affordable power costs in the region. Plattsburgh is one of the areas in the US where the cost of power is relatively cheap, thanks to the hydroelectric power.
Its residents enjoy a share of cheap electricity given the 50-year contract with the power company. However, the allure of cheap source of power to keep their mining rigs powered forced the multitudes to flock the city. Consequently, power bills shot by up to 50%, forcing the authorities to gag on the ambitious crypto miners and help salvage the situation.
Will The City Leadership Consider His Pleas?
McFarlin is hopeful, however, that the city leadership would consider the “topic” and thus pass the laws that would protect its citizens. He says the city councillors ought to update the regulations on noise pollution before the 18-period ban elapses.
A city councillor had indicated the presence of a proposal from the local entrepreneurs whose novel business idea couldn’t continue owing to the ban. Whether the City Councilman’s crusade will be heeded or not, however, remains to be seen.