North Carolina County Mulls 1-Year Bitcoin Mining Moratorium
Published
The 1-year moratorium on mining would give county officials more time to better establish clearer standards for the activity.
By Matt BrienenNorth Carolina’s Buncombe County is considering a 1-year moratorium on new and existing Bitcoin mining operations in the area.
The pause would give the county's Board of Commissioners time to “develop standards and mitigation methods for intensive land uses that may pose detrimental harm to the natural environment,” reads a county document first reported by local news outlet News 13 WSOL.
The board will discuss and finalize the issue in a public hearing on May 2, 2023.
Crypto mining refers to the process of verifying and validating transactions on a proof-of-work.
North Carolina’s Buncombe County is considering a 1-year moratorium on new and existing Bitcoin mining operations in the area.
The pause would give the county's Board of Commissioners time to “develop standards and mitigation methods for intensive land uses that may pose detrimental harm to the natural environment,” reads a county document first reported by local news outlet News 13 WSOL.
The board will discuss and finalize the issue in a public hearing on May 2, 2023.
Crypto mining refers to the process of verifying and validating transactions on a proof-of-workproof-of-work