>Plattsburgh, New York Just Took Eliminated Cut-Rate Electrity Rates For Commercial Cyryptocurrency Miners
Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
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Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#12If it's just Bitcoin named in the bylaw, what's to stop the mining enterprises from switching to mining another cryptocurrency?
https://www.cityofplattsburgh-ny.gov/CivicAlerts.aspx?AID=22... The law itself says, “cryptocurrency”: >A LOCAL LAW IMPOSING A MORATORIUM ON COMMERCIAL CRYPTOCURRENCY MINING OPERATIONS IN THE CITY OF PLATTSBURGH
Thanks.
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#13Recent coverage of bitcoin mining in Plattsburgh: https://www.nytimes.com/2018/02/28/business/economy/bitcoin-...
Discussion: https://news.ycombinator.com/item?id=16498776
Gives you a sense of what the mayor was thinking in the weeks leading up to this. (And makes you wonder if the NY Times reporter's prodding is what got them around to actually banning it.)
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#14Can we get a headline update on this?
Its not a ban, its not the first time a city has temporarily refused to issue new cryptocurrency mining permits, its not on Bitcoin specifically and the city is Plattsburg, NY. Every word in this headline is misleading or wrong except the word 'passed'.
Better headline is right from the same article: 'Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining to prevent miners from using all the city’s cheap electricity.'
The city couldn't supply enough electricity at a certain type of discounted rate so they will refuse any new permits for any cryptocurrency mining operations until they find an approach that works without driving electricity prices up during periods of high demand. There have been temporarily restricted new permits in the NW for some time now as new substations were being brought online.
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#15So the truth is that people are using electric heaters instead of gas/oil based heating systems, and they are somehow blaming it on bitcoin mining? Also shouldn't the law be written to specify any electricity usage over a certain wattage? I don't know anything about Plattsburg, NY but why would a local factory that uses 100 megawatts be more "allowed" to use electricity than a bitcoin miner? What if the bitcoin miner…
No one in Plattsburgh, NY is setting up a solar array. It's winter for 9 months of the year.
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#16So the truth is that people are using electric heaters instead of gas/oil based heating systems, and they are somehow blaming it on bitcoin mining? Also shouldn't the law be written to specify any electricity usage over a certain wattage? I don't know anything about Plattsburg, NY but why would a local factory that uses 100 megawatts be more "allowed" to use electricity than a bitcoin miner? What if the bitcoin miner…
Instead of a flat cap, a MWH per employee would likely align best with the city's stated goals.
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#17How are they going to go about enforcing something like this?
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#18How are they going to go about enforcing something like this?
Read the article.
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#19>Plattsburgh, New York Just Took Eliminated Cut-Rate Electrity Rates For Commercial Cyryptocurrency Miners
for New commercial cryptocurrency miners
Re: Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining
#20So the truth is that people are using electric heaters instead of gas/oil based heating systems, and they are somehow blaming it on bitcoin mining? Also shouldn't the law be written to specify any electricity usage over a certain wattage? I don't know anything about Plattsburg, NY but why would a local factory that uses 100 megawatts be more "allowed" to use electricity than a bitcoin miner? What if the bitcoin miner…
>So the truth is that people are using electric heaters instead of gas/oil based heating systems, and they are somehow blaming it on bitcoin mining?
what?
>What if the bitcoin miner (or any high-wattage business) sets up their own 1 MW solar array?
Why would a business that moved to (or set up in) Plattsburg to take advantage of the 2¢/KWh rate build any sort of energy production?