Massena, a small New York town that is situated along the Canadian border, is mulling over establishing a 90-day moratorium on new cryptocurrency mining projects, local news broadcaster WWNY-TV reports.
Steve O’Shaughnessy, the town’s supervisor, complained about “sea boxes” with mining equipment cluttering Massena’s streets:
We just want to make sure if they’re going to come here, that it’s a nice presentable building.
Despite having a population of about 12,000 people, Massena has been a major cryptocurrency hub for years because of its cheap hydroelectricity.
Alex DovbnyaIn fact, the town is home to the largest cryptocurrency data center in the world that is operated by mining company CoinMint, which won approval to open its operation at an abandoned smelter back in February 2018.
Back then, O’Shaughnessy welcomed CoinMint and the 150 jobs it brought to the struggling border town.
China pushing miners out of the country might explain why Massena’s roadsides are being littered with Bitcoin mining machines.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Arman Shirinyan
Dan Burgin
Vladislav Sopov