July 24, 2024
Bitcoin News

New York City Officials to impose 90-day moratorium after Bemoans Roadside ‘Littered’ With bitcoin Miners.

New York City Officials to impose 90-day moratorium after Bemoans Roadside 'Littered' With bitcoin Miners

Massena, a town in St. Lawrence County, New York, close to the Canadian border, is another part where bitcoin miners are causing problems. Additionally, the Massena town supervisor is preparing new restrictions for bitcoin mining companies. This is according to recent reports from the local WWNY-TV news desk and Reuters.

Officials dissatisfied with the Bitcoin miners

According to Reuters, the village of Massena, which has approximately 13K people, has attracted bitcoin miners. The town of New York has taken issue with bitcoin miners. Moreover, officials want to put a 90-day embargo on any new bitcoin miners wishing to use the town’s energy supplies.

Massena Municipality Supervisor Steve O’Shaughnessy says that the town does not want shipping containers stacked along the town’s roadsides.

“We don’t want it littered with these trailers that are pumping out bitcoin,” O’Shaughnessy told WWNY-TV. “We just want to make sure if they’re going to come here, that it’s a nice presentable building,” he added.

The Report States

The report states, bitcoin miners have flocked to Massena in massive numbers. Massena Electric, an electricity firm, is currently in discussions with three potential operations.

However, Andrew McMahon, Massena Electric’s superintendent, said:

“The key components for the developers is low-cost electricity and reliability, which are two things we’ve always had.”

According to reports, Route 42 in Massena, near Fort Covington, is home to a slew of mobile bitcoin mining machines housed in shipping containers. Additionally, Massena Electric says customers may profit from higher sales, which told WWNY-TV that transactions with bitcoin miners always come second to present customers.

New York having issues with the Bitcoin mining

Petawatt Group, a crypto mining company, is based in Massena, where the corporation was able to buy 140 acres of land two years ago. However, according to them and its co-founder Jason Rappaport, Bitcoin mining activities may potentially provide jobs to Massena residents.

“We’re not like some new operation that decamped from somewhere else and coming in and trying to find power, you know, relatively inexpensively, and not being part of the community,” Rappaport told the local news station.

Because of the state’s excellent access to inexpensive electricity, New York and bitcoin miners have looked to go hand in hand. Residents and authorities in a few New York municipalities, on the other hand, have similarly taken problems with bitcoin miners.