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RE: Plattsburgh, NY Seeks Moratorium On Bitcoin Mining Due To Power Strain

in #bitcoin8 years ago

I actually know people up in that area doing it and trying to scale. I didn't believe that it would be possible there but it's being done. My contact says the pricing in some municipalities is too good to pass up. I wonder how this will shake out.

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"My contact says the pricing in some municipalities is too good to pass up. I wonder how this will shake out."

I suspect what will happen is, if they are successful in moving in, they will shortly after be run out of town (or otherwise screwed) by regulation specifically targetting what they thought was going to be their "competitive advantage".