City Council adopts six-month moratorium on cybercurrency mining and other large power consuming businesses
Uneasiness by city officials over the possibility of Cheney becoming a destination for power-hungry cryptocurrency mining businesses led the City Council to pass a moratorium on the practice at its April 24 meeting until regulations can be developed to protect the city’s electrical system from harm.
The six-month moratorium runs to Oct. 24, but can be extended another six months if needed. The city must hold a public hearing on the ordinance within 60 days of its adoption.
The council already agreed to a contract at its March 13 meeting with BitPro, a cryptocurrency mining company in the forme...
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