County In Montana Looks At Limiting Bitcoin Mining
Concerned about the amount of energy being consumed, and noise being generated by a local Bitcoin mining startup, commissioners in Missoula County, Montana are looking at emergency interim zoning to limit crytocurrency operations, according to a report from the Missoulian. The report says two commercial-scale cryptocurrency mining facilities are currently located in the county. Bitcoin--or more accurately, blockchain, the technology underlying the cryptocurrency--is notorious for its energy use, because it is designed so that it can only be "created" through using computer processors to solve increasingly complex mathematical operations--something which has the effect of massive power usage. A recent report said that Bitcoin mining could consume as much electricity as the country of Denmark by 2020.
posted on Tuesday, June 5, 2018
Related companies:
Countyline
Related stories:
> Montana County's Battle Over Bitcoin Mining Heats Up
> Crusoe Energy Systems Gets $30M To Convert Flare Gas To Bitcoin
> Level 3 Dumps Coal Mining Business
> Avnet Starts Accepting Bitcoin, Other Cryptocurrency
> Overstock.com: More Than $1 Million In Bitcoin Sales
Techrockies.com Home