Ephrata, Washington halts new crypto mining developments for 1 year
The city of Ephrata, Washington, recently announced that the city will halt new crypto mining developments for a year. The news was reported by Eastern Washington and North Idaho daily newspaper The Spokesman Review on Friday.
The suspension will only be affecting new crypto operations in Ephrata, the existing four operations already present will continue working like it was. Reportedly, according to Wes Crago, Ephrata city administrator, the four crypto operations which include two at the Port of Ephrata, one in an industrial area of the city, and one in a residential area are being relocated at the moment.
The decision of the 12-month ban was taken by a city council vote. Six council members voted in favour of the new cryptocurrency regulations, and only one commissioner named Matt Moore voted against it. According to Moore, the ban might pose a threat to the economic development of the city. It puts the industry “outside the city’s expertise,” and added that he does not want to “surrender any economic opportunity big or small.”
However, according to the council member Kathleen Allstot the new ban will be more like taking a year “break” to see “see what’s going” in the sphere, and also find out how mining is fitting in Ephrata as well as the Grant County Public Utility District (PUD). The recent suspension announcement in Ephrata goes in line with regulations related to crypto mining imposed by a number of cities in the Grant County PUD.
In the recent few years, crypto mining has become increasingly popular in the cities of the Columbia Basin because of the cheap electricity sources. However, it has become inconvenient for the residents of Ephrata, with some facing the problem of lack of electricity, mainly due to the high energy-consuming cooling equipment used by the crypto miners.
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