A city prohibits the mining of cryptocurrencies due to the extra cost of electricity

Is the beginning of the end of happy times for virtual currency miners?

This is already happening

Cryptocurrencies have caused extra and bad economy for some also for cities with cheaper electricity prices, these have managed to rise by the mining of them. This is currently used by the cryptocurrency miners, leading to serious consequences for the inhabitants of certain localities in terms of energy from them.

This has happened in the city of Plattsburgh A city of the State of New York, in the United States, which has been affected in the consumption of electricity, by clpa of this miners, the invoices usually arrive between 100 and 200 dollars higher than usual , the miners (both individuals and companies) who, attracted by the cheap electrical cost, have come to the city to install their mining machines.
Now, Im going to show you this video


These machines, in general terms, what they do is take advantage of the maximum computational power they have, that is to say, they start up their full potential and this could cause electricity shortages - which is usually a lot - constantly, twenty-four hours a day. day, in terms of their use these machines seek to take advantage of all hours of the day and night to do their work Naturally, this consumes a large amount of electricity and, in disproportionate amounts, may end up giving rise to problems like the one now facing Plattsburgh .
The mining is over
Faced with this situation, which has been aggravated in January and February by the increased electricity demand as a result of the cold, the city has decided to prohibit new companies from initiating mining activities of cryptocurrencies during the next 18 months, during which time The question will be studied to try to arrive at a solution that does not harm the residents. Those that are already established will not be affected by the new regulations.

A los ciudadanos de Plattsburgh nunca les costaría más dinero permitir que más mineros se establezca aquí porque los mineros están dispuestos a pagar esos excedentes cuando hace mucho frío
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