Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Goodcat49 on August 29, 2018, 08:42:02 PM
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Bonner and Butte, Montana, are home to two of the giant Bitcoin mining infrastructures in North America. Further, they are a subject to a big energy producer, the Colstrip power plant, that is almost being closed down. Bitcoin mining has, therefore, become such a significant windfall for the US economy, that Senator Steve Daines, a congressional representative is worried that shutting down the plant could damage its cryptocurrency golden goose.
Montana's Senator Embraces Bitcoin Mining
For instance, Butte Montana is home to the Cryptocurrency Watt LLC mining center. After taking over the industrial area, it depends on the coal-fired Colstrip plant for 64 megawatts of power, setting it as one of the largest users of power in the state. Senator Steve elaborated the plant is scheduled for a close down in less than a decade, and if any four of the plant's sectors are shut down that could well terminate Montana's Bitcoin mining sector.
Such an informed posture by the state's politicos is hardly fresh. Last summer, its governor proclaimed near to $5 million would be awarded as a grant to Bitcoin miner Project Spokane for employee training, business growth and job creation.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-mining-in-us-is-potential-windfall-for-montana-economy/
(https://coinidol.com/upload/resize_cache/iblock/42a/900_900_1/42a3948c5ad56e1af6019db43b6c0344.png)
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Very nice article. I think this is the direction they should be going, gently incorporating it into legit infrastructure. Let landowners create mining facilites and hire people, have everyone pay tax on profits like any other industry. Slowly upscale electric power plants to let miners have enough electricity. Encourage renewable sources of electricity for miners.