The City That Banned Bitcoin Mining

Check out the city that banned Bitcoin mining.

On March 15th, 2018, the city of Plattsburgh in upstate New York issued an 18-month moratorium on cryptocurrency mining.

According to Motherboard, “Plattsburgh is part of a long-standing power agreement that gives the city an allotment of some of the cheapest electricity anywhere in the world, but a recent influx of cryptomining companies and their energy-draining rigs have raised power prices at the expense of the general population.”

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To learn more, check out: Will Cryptocurrency Replace Fiat Money in the Future? and Huobi Crypto Exchange Launches an ETF.