Mining centers in the US face moratorium

Officials of Plattsburgh, New York have filled a moratorium against Bitcoin miners
09 March 2018   1657

Mining centers in a small US town of Plattsburgh, NY have stumbled upon a moratorium filing. Local politicians expressed the concern over high consumption of electricity and environment. In general, the politicians want those centers to stop their activity and stay away from the town for good. The public hearing date is set on March 15 at the Common Council Chambers.

This local law shall impose a moratorium on applications or proceedings, or the issuance of approvals or permits for commercial cryptocurrency mining operations in the City of Plattsburgh. The moratorium imposed by this local law shall be in effect for a period of  eighteen  months from the effective date of this local law.

 

Colin Read

The Mayor of Plattsburgh

As the procedure goes, after the public hearing it will move forward. Now every mining centre will want to have an attorney as they have to defend themselves if the market is still important to them. It was reported by the mayor that approximately 10% of the town's power was consumed for notorious mining activities as of the end of February, 2018. On a personal note, Mr. Read confessed that it's much better to see such consumption from a hiring company than from all-automatic ones.

Any firm, person, corporation, or other entity that shall establish, place, construct, erect or in any way site or locate a Commercial Cryptocurrency Mining operation described in this local law in the City of Plattsburgh in violation of the provisions of this Local Law shall be subject to, in addition to any penalties prescribed by state or local law, a civil penalty of not more than $1,000.00 for each day or part thereof during which such violation continues.

 

Colin Read

The Mayor of Plattsburgh

Northern Bitcoin to Purchase 5000 Mining Devices

According to company's CEO, new devices from Bitmain and Canaan Creative will help company to expand it's business
02 July 2019   209

The German company Northern Bitcoin intends to double its computing power and acquire about five thousand new devices from the largest manufacturers of miners Bitmain and Canaan Creative. As stated in Northern Bitcoin, this will help expand the company's business.

The acquisition of the sought-after hardware is a great success for our company. With the doubling of our mining equipment just a few days after the start of our global scaling, we are setting the pace with which we aim to take a leading position in the fast-growing blockchain industry in the coming years.

Moritz F. Jäger 
CTO, Northern Bitcoin AG

 Northern Bitcoin is registered in Frankfurt am Main, and also has areas in Norway. In which countries the company intends to develop its business in the future, is not reported.