Re:Kazakhstan to restrict crypto miners amid power shortages
by latchkey on Wednesday November 03, 2021 @01:45PM
(#29097997)
You picked off the easily googled articles that are unrelated to Coinmint and happened during the crypto boom in 2017 / 2018, when people were renting warehouses and filling them with miners. Everyone got rightfully pissed.
Re:Kazakhstan to restrict crypto miners amid power shortages
by ilamont on Wednesday November 03, 2021 @01:59PM
(#29098197)
The article about the moratorium is from the summer, and if you are looking for the Coinmint angle, here you go (dated July 23, 2021):
https://www.northcountrynow.com/news/massena-town-board-plan...
Re:Kazakhstan to restrict crypto miners amid power shortages
by latchkey on Wednesday November 03, 2021 @02:16PM
(#29098386)
You are just googling articles and not even reading them. Coinmint is mentioned in there, but there is no 'angle' in that article other than the mention. They are still in operation today and expanding and I doubt that is going to change any time soon.
Re:Kazakhstan to restrict crypto miners amid power shortages
by dogman144 on Wednesday November 03, 2021 @02:25PM
(#29098502)
Ya would have to agree. That far upstate NY, it's a different game.
The other aspect to consider, which is being dropped, is Coinmint operates with support from NYS via Empire State Development, so there's that.
Plattsburgh went over its power allotment and was forced to purchase electricity on the open market for far higher prices. This cost was distributed among the city’s residents, some of whom ended up paying between $100 and $200 more for their electricity than usual.
https://www.vice.com/en/article/8xk4qv/bitcoin-ban-plattsbur...
Massena (near the Alcoa facility) this year issued a moratorium so the city could draw up new regulations:
“The moratorium is a pretty straightforward procedure. The language is relatively clear. The idea is that we place a moratorium on any further cryptocurrency mining development while we get some regulations in place that will govern those types of facilities. The planning board had indicated, and I agreed that the code lacked any real regulatory scheme for these types of facilities within the town,” Mr. Gustafson said.
https://www.nny360.com/communitynews/business/town-of-massen...
https://www.northcountrynow.com/letters/snake-oil-alert-bloc...