City In New York Becomes First to Ban New Bitcoin Mining

[Thelurker1234]

The people of Plattsburgh, New York have had enough. On Thursday night, the city council approved an 18-month moratorium on new cryptocurrency mining operations. The temporary ban will be used to figure out what to do with these ding dong miners using up all the electricity.

Most cryptocurrencies require a “mining” process in which servers are used to guess the solution to a complex equation—the computer that gets the answer gets the newly minted coin. It takes a lot of electricity to be a miner, and the ones who are successful tend to use a large network of mining rigs. To cut down on their energy expenses, miners have flocked to cities with cheap power and we’re just beginning to learn what cost that brings for the municipalities themselves.

https://gizmodo.com/city-in-new-york-becomes-first-to-ban-new-bitcoin-minin-1823826338

In the interest of fairness btw, do read the article since this city has some special reasons to be doing this.

[XUZUL]

Good

the trend needs to die

[F.X Clampazzo]

For being "the lurker" you sure didn't lurk enough to find this article already had been posted.

[Thelurker1234]

wrong forum tho

[PsychedelicLiz]

I'm guessing good idea is the new zing? if so what is so i can rate appropriatey.

[Reflex F.N.]

This is good news; the cryptocurrency mining trend has caused more damage than good.
I hope all of this ends very soon.