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Crypto Mining: Abkhazia To Partner With Russia For Power Supply

The Abkhazian government resumed discussions with Russia to find a solution to the issues that caused the prohibition of crypto mining. The region is looking into the digital asset industry and has revealed plans to remove the ban and create a sufficient power source to promote crypto mining. The government will collaborate with Russia to …

The post Crypto Mining: Abkhazia To Partner With Russia For Power Supply appeared first on Tokenhell.

Blockchain development platform Tatum now supports Polygon network

Tatum, a blockchain development platform, has announced it now supports Polygon, the network for Ethereum scaling and infrastructure development. To build apps for Polygon or Ethereum, one needs to learn Solidity and have access to blockchain nodes. For many developers, learning a new programming language and maintaining nodes can be time-consuming, expensive, and generally difficult. […]

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French Central Bank Conducts Fifth Experiment on Tunisia CBDC

The French central bank, Banque de France (BOF), recently carried out its fifth experiment on the Central Bank of Tunisia (CBT)’s central bank digital currency (CBDC). According to a statement from BOF, the latest experiment is part of the banks’ joint effort to create conditions that are “conducive to a better inclusion of the Tunisian […]

Canadian border town suspends Bitcoin mining over aesthetic concerns

City officials have imposed a three-month suspension on new Bitcoin mining operations to make roads and buildings more presentable.

Massena, a town along the New York border with Canada has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area.

According to a report by the Associated Press on Friday, Massena Town city officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns.

Steve O’Shaughnessy, a Massena Town supervisor said miners littered roads with trailers laden with computers and other hardware required to mine Bitcoin. The AP report quoted O’Shaughnessy’s statement to WWNY-TV, saying:

“We don’t want it littered with these trailers that are pumping out Bitcoin. We just want to make sure if they are going to come here, that it’s a nice presentable building.”

City officials will reportedly use the 90-day moratorium to ensure that roadsides in Massena Town are decluttered with trailers and shipping containers moved off-road.

Meanwhile, Massena Electric is reportedly looking to sign deals with three crypto firms. According to the AP News report, the power company also has its own moratorium on working with new crypto miners.

Related: Four North American Bitcoin miners that could benefit from the East-West shift

With small border towns in North America hemorrhaging factory jobs over the past decade, Bitcoin and crypto mining operations represent a return of some industrial activities to places like Massena.

Cheap electricity in these areas is often a major draw for Bitcoin miners and in return, these companies offer the promise of jobs and bootstrapping the local economy.

Indeed, with China’s massive crypto mining crackdown and the expected East-to-West hash rate migration, these smaller towns in North America might play host to more Bitcoin mining activity.

Meanwhile, the major North American Bitcoin mining operations continue to upscale their capacity amid the current hash rate drop in a bid to capture a larger portion of the market.

North American Bitcoin miners controlling a larger share of the global hash rate distribution may also contribute to putting the industry in better standing with regulators especially in the area of environmental conservation.