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It sounds good to people who don’t understand how mining works. Since this argument has been made however, they could make local prices contingent on number of
by tass 8y ago
It sounds good to people who don’t understand how mining works.
Since this argument has been made however, they could make local prices contingent on number of jobs. If you consume x power employing less than y local employees, pay the export rate.
- zbentley 8y agoIn my limited understanding, that sounds like a highly unusual type of regulation by US standards. Are there any other practices/industries regulated in similar ways?
- Rapzid 8y agoUtilities; https://en.m.wikipedia.org/wiki/Public_utility https://en.m.wikipedia.org/wiki/Public_utility .
- tass 8y agoI’m not sure, though not allowing “crypto mining” specifically is also pretty unusual. In this way, they can protect their power industry and still remain attractive to other businesses who might bring other benefits to the area without having to redefine who is and isn’t allowed.