In the last week, Councillor Patrick McFarlin of the Common Council of the city of Plattsburgh had brought forward a proposed law. This was mainly to regulate and impose strict laws on the cryptocurrency mining farms operating within the city’s parameter.
According to the proposed regulations, the temperature inside the facility should not cross over 120 degrees Fahrenheit, whereas if the temperature rises above 90 degrees Fahrenheit, no employee will be able to stay in the building. As far as compromising with the quality of human lives is concerned, no mining operation can cause “adverse or detrimental effect” to the neighboring residents, property owners or businesses, which include “diminishing the quality of life” or impacting the cost of services to their neighbors.
The proposal further noted that the miners should apply for a special use permit for launching or expanding a commercial cryptocurrency mining operation. On the other hand, no mining farm will be allowed to produce noise over 90 decibels, which is equivalent to the sound of a motorcycle. Overall, the reason for proposing these regulations is to ensure that the residents living in the proximity of the mining farms are secured from every perspective.
New zoning laws were imposed by the city council that to designate where the crypto miners can set up firms alongside raising five hazards. However, the council is expected to lift the moratorium during a public hearing that is set to take place on October 25 at 5 pm, as reported by NBC 5.
“We’re going to be moving to other towns, because it’s just been too long (of a wait),” CEO of Zafra (a digital currency mining farm), Ryan Brienza said.
According to Press-Republican, the city adopted a moratorium to forestall any additional commercial digital currency operations for a period of 18 months while those issues were under study. The source further said that for the purpose of formulating appropriate and reasonable protections for the community, an advisory committee of stakeholders was already appointed.
Due to increased electric rates, the miners’ profitability has highly come down. Many new cryptocurrency mining firms also migrated to other regions where cheap and abundant electric supply is available.
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