Monday, 19 March 2018

For the first time, a US city has banned cryptocurrency mining after large-scale operations used up all its power

quote [ The city of Plattsburgh, New York announced on Thursday that it is temporarily banning the commercial mining of cryptocurrency for 18 months.

Plattsburgh residents have seen skyrocketing electrical bills — as much as $100 to $200 increases — as a result of commercial cryptomining operations that mine for cryptocurrencies like bitcoin ]

Plattsburgh attracted the miners with artificially low rates. Another version of racing to the bottom.
[SFW] [business] [+7 Interesting]
[by HoZay]
<-- Entry / Comment History

Ankylosaur said @ 4:51am GMT on 20th March
Trump bans US use of Venezuelan cryptocurrency:
The Trump administration on Monday banned all use by Americans of Venezuelan cryptocurrency, saying that its introduction is intended to skirt U.S. sanctions. ... In an executive order that took effect immediately upon its issuance, President Donald Trump declared illegal all U.S. transactions related to Venezuelan digital currencies, coins or tokens. The prohibition applies to all people and companies subject to U.S. jurisdiction.


Ankylosaur said @ 4:53am GMT on 20th March
Trump bans US use of Venezuelan cryptocurrency:
The Trump administration on Monday banned all use by Americans of Venezuelan cryptocurrency, saying that its introduction is intended to skirt U.S. sanctions. ... In an executive order that took effect immediately upon its issuance, President Donald Trump declared illegal all U.S. transactions related to Venezuelan digital currencies, coins or tokens. The prohibition applies to all people and companies subject to U.S. jurisdiction.



<-- Entry / Current Comment
Ankylosaur said @ 4:51am GMT on 20th March
Trump bans US use of Venezuelan cryptocurrency:
The Trump administration on Monday banned all use by Americans of Venezuelan cryptocurrency, saying that its introduction is intended to skirt U.S. sanctions. ... In an executive order that took effect immediately upon its issuance, President Donald Trump declared illegal all U.S. transactions related to Venezuelan digital currencies, coins or tokens. The prohibition applies to all people and companies subject to U.S. jurisdiction.




Posts of Import
Karma
SE v2 Closed BETA
First Post
Subscriptions and Things

Karma Rankings
ScoobySnacks
HoZay
Paracetamol
lilmookieesquire
Ankylosaur