Plattsburgh, a U.S. town of 20,000, is proposing a law to halt Bitcoin mining for 18 months.A small town in New York state might end up banning Bitcoin mining operations temporarily. The law was introduced by the Mayor and essentially aims to place an 18-month ban on new Bitcoin mining operations so that they can create more current zone regulations. They have scheduled a public meeting for March 15, so we'll know more about the situation in about a week.The primary concern (and the reason for the law being proposed) is the amount of electricity being utilized for crypto mining. Last month the Mayor stated that Bitcoin mining is consuming at least 10 percent of the entire city's electricity. The city has incredibly cheap electricity, which allows these Bitcoin mining operations to thrive and grow. One of the biggest bottlenecks of crypto mining is the cost of energy that it takes to mine, so having access to cheap power typically takes high priority for serious miners. According ...
