Case in point: One small manufacturing town in upstate New York is considering an 18-month moratorium on new commercial operations that mine Bitcoin and altcoins — the process by which individuals and companies can help verify cyrptocurrency transactions while earning digital coins as a reward.
Plattsburgh, N.Y. mayor Colin Read has proposed this novel ban to give the town time to establish regulations and zoning around mining operations.
The reason: massive energy consumption.
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