• Plattsburgh, N.Y.
    Bitcoin,  Cryptocurrencies,  Innovators,  United States

    City becomes first in U.S. to ban new crypto mining

    But local miners aren’t packing up just yet

    As state regulators grapple with crypto mining’s energy drain, one upstate New York city is taking matters into its own hands by making it illegal for new miners to come to town.   Plattsburgh’s city council unanimously voted late Thursday night for an 18-month moratorium on new cryptocurrency mining operations in the city. This makes them the first city in the U.S. to pass such an ordinance. Miners were first attracted to the small city near the Canadian border on the western bank of Lake Champlain for its relatively cheap electricity. But locals weren’t happy when their home electric bills shot up this winter. The ban only halts on new…