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Can 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
by philipodonnell 9y ago
Can 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.
- dang 9y agoLet's try the subtitle instead.
- philipodonnell 9y agoThanks!