another moratorium for miners

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mayazia

New member
Jun 7, 2018
8
1
3
#1
a few days ago the town of plattsburg did a moratorium for miner bitcoin, its purpose to prevent consumption of all cheap electrical energy. because the city of plattsburg has only 104 megawatts of electricity supply every month. and if for mining it is not enough, and this is the first ban in the united states. and in the city of plattsburg also the cost of electricity very cheap, just 4.5 cents dollars.

then yesterday the city of magog in canada also did a moratorium on crypto mining, they worry the electricity supply will be exhausted, and also electricity for crypto mining consumes more electricity supply than the company.

whether there will be another moratorium after the two cities? and whether the moratorium inhibits crypto spreading and also disrupt the stability of the transaction system? and is there any other way to save electricity other than hydro miner?
 

Adriaan Admin

Administrator
Staff member
Jan 30, 2018
231
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28
www.bitcoinforbeginners.io
#2
Probably more cities will prevent bitcoin mining, on the other side, technically mining farms are also businesses and if they can negotiate a contract to deliver a certain amount of electricity at a certain cost then there will always be places that have high production capacity that will allow miners to come. There are cities that are now looking into possibilities to set a adjusted rate for crypto miners in order to prevent electricity cost increases for the population.
 
Aug 24, 2018
11
4
3
#3
Is digging still profitable for ordinary people? Now companies are entering with large budgets and machines, outclassing the private market ...
 

Adriaan Admin

Administrator
Staff member
Jan 30, 2018
231
56
28
www.bitcoinforbeginners.io
#6
So Individuals earned at the beginning until larger companies sensed business.
I think basically that's indeed what happened. In the early days it was quite possible as an individual to mine on your own computer and earn a reasonable amount of bitcoins. Currently that's practically impossible with the big mining farms, ASIC mining equipment and large mining pools dominating the mining market.