“Though some citizens in the area were initially excited about the potential economic opportunities mining companies and firms could bring, others expressed concern about negative effects like noise pollution.”Back in April this year, one of the news outlets in the area published an article which stated:
“Huge power demands from cryptocurrency miners that threaten low power rates and the region’s agricultural economy.”A few months ago, in August the same news outlet wrote about a jump in price for electricity for the crypto miners that have settled in the County. This means that the prices for power will surge up by 15% by next year and by 2020 the price will be up by 35% and in 2021 it will be up by 50%! Tom Flint, a Commissioner for the County spoke to a few miners in the area regarding the issues and said that the reason for these was to protect ratepayers from an unstable industry which is “unregulated and high-risk.” What are your thoughts? Let us know what you think down in the comments below!