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Author Topic: First bitcoin mining ban in the USA  (Read 121 times)
sjefdeklerk
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March 16, 2018, 01:47:37 AM
 #1

https://motherboard.vice.com/en_us/article/8xk4qv/bitcoin-ban-plattsburgh-coinmint-mining
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March 16, 2018, 02:13:53 AM
 #2

Man, you're ever such a hard worker. I hope someone's paying you for all this effort.

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March 16, 2018, 02:28:57 AM
 #3

Do not share this much, because people are looking for a reason to sell Bitcoins. Then panic selling starts and at the end the prices are going down.
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March 16, 2018, 03:15:04 AM
Merited by EdenHazard (1)
 #4



This is just a temporary moratorium and the reason is the supply of power available that can be jeopardized if mining will be allowed openly. This is not actually because of mining itself but the problem of power. In my view, a Bitcoin mining operation should not be venturing in places where there is no excess of power available as it can certainly not be helping the locality. They should be looking for areas where the power is very much available, cheaper and will not be competing with the needs of other businesses and residents.

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March 16, 2018, 05:01:48 AM
 #5


So, do you think Bitcoin will be $100K this year?

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March 16, 2018, 06:18:03 AM
 #6

I think it is not a complete ban in USA because i am also watching crypto news US government is regulate the Bitcoin mining it is just a electricity issues in US government. So these kind of problems are not affect the crypto market again all the cryptocurrencies are going to pump in next week.

   
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March 16, 2018, 06:53:25 AM
 #7

Are you trying to create another unnecessary panic selling and for investors to dump bitcoin and other coins they are holding. If USA like let them ban all the mining firm we would still be holding as USA is just one country among many.

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March 16, 2018, 07:05:18 AM
 #8


If it were possible, I would give you negative merit right now!

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Denker
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March 16, 2018, 07:14:51 AM
 #9

Man, you're ever such a hard worker. I hope someone's paying you for all this effort.

Hehe so true.
I just recognizedhim and his threads a few days ago.
He is definitely a bear at heart, trying to FUD as much as possible. Cheesy
But this is lame and I doubt anybody gets convinced to sell or losing his faith in Bitcoin.
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March 16, 2018, 07:48:44 AM
 #10



This is just a temporary moratorium and the reason is the supply of power available that can be jeopardized if mining will be allowed openly. This is not actually because of mining itself but the problem of power. In my view, a Bitcoin mining operation should not be venturing in places where there is no excess of power available as it can certainly not be helping the locality. They should be looking for areas where the power is very much available, cheaper and will not be competing with the needs of other businesses and residents.

Yeah, is a 18-month moratorium and Plattsburgh is with just 20K people, but it's a bad precedent. As you may known, the US is the country of precedents. Their whole judgment system is based on that.

Let's hope that another cities will not follow Plattsburgh.
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March 16, 2018, 09:43:03 AM
 #11

If you review the news, the United States is open to cryptocurrencies, especially Bitcoin but trying to impose restrictions/taxes:


On the whole, it will not affect the price of the Bitcoin.
this is old news from March 12, 2018, Why are you posting them today? http://time.com/money/5190747/this-u-s-town-could-become-the-first-to-ban-cryptocurrency-mining/
too many accounts start shearing FUD

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March 16, 2018, 10:00:10 AM
 #12

Not sure why a few are spitting their dummies out over sjefdeklerk post.

If the story is true then its true so dont shoot the messenger.





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March 16, 2018, 10:17:58 AM
 #13

I think this is a old news already because I have read that news like 5 days ago. And I don't think that it has a negative effects on the market. This downtrend is a combination of a lot of factors like the Binance issue or the Mt. Gox trustee or even the anticipated result of the G20 meeting.

So I wouldn't be bother by this news. Maybe the OP is a paid shill or want's to create a FUD, but I'm sure no one in there right mind would be affected by it.


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piloder
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March 16, 2018, 10:43:08 AM
 #14

Do not share this much, because people are looking for a reason to sell Bitcoins. Then panic selling starts and at the end the prices are going down.
I think this is actually a positive development, bitcoin price might go up if operating cost of mining will go up with increase in electricity cost. When all mining farms situated at locations with cheap electricity will go offline it will be not profitable to other small scaled miners who are paying high electricity fee to sell their mined coins at lower price.


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alyssa85
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March 16, 2018, 11:47:05 AM
 #15



This is just a temporary moratorium and the reason is the supply of power available that can be jeopardized if mining will be allowed openly. This is not actually because of mining itself but the problem of power. In my view, a Bitcoin mining operation should not be venturing in places where there is no excess of power available as it can certainly not be helping the locality. They should be looking for areas where the power is very much available, cheaper and will not be competing with the needs of other businesses and residents.

Agree. Bitcoin should either go to places where they have excess power (Iceland), or perhaps set up farms in places like New Mexico powered by their own solar panels, so they arn't dependent on a local power station.

stompix
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March 16, 2018, 02:43:51 PM
 #16

I think it is not a complete ban in USA because i am also watching crypto news US government is regulate the Bitcoin mining it is just a electricity issues in US government. So these kind of problems are not affect the crypto market again all the cryptocurrencies are going to pump in next week.

Of course it's not a complete ban. Read the article, it's just about Plattsburgh.
And it's not a real ban against mining, more against industrial scale mining.

I think this is actually a positive development, bitcoin price might go up if operating cost of mining will go up with increase in electricity cost. When all mining farms situated at locations with cheap electricity will go offline it will be not profitable to other small scaled miners who are paying high electricity fee to sell their mined coins at lower price.

As much as I dislike FUD, let's not try to paint the situation pink cause it's not.
There is nothing positive about the news. It's not it's like the end of the world but I fail to see anything good coming out of this.

Also, your second sentence makes no sense, I see no relation between miners quitting and other forced to sell at lower price, because?? The bitcoin price has nothing to do with mining.




carlisle1
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March 16, 2018, 02:59:02 PM
 #17

Man, you're ever such a hard worker. I hope someone's paying you for all this effort.

Hehe so true.
I just recognizedhim and his threads a few days ago.
He is definitely a bear at heart, trying to FUD as much as possible. Cheesy
But this is lame and I doubt anybody gets convinced to sell or losing his faith in Bitcoin.

wondering how much OPs talent fee for this,lol ..

Why this kind of people are working with this kind of thing,hope they will use their effort to more functional means for this forum not with this selfish interest

Proton2233
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March 16, 2018, 03:13:37 PM
 #18

I don't see anything weird about this news. The US is a very large country and there are many areas in which there is a surplus of electricity. Such actions of the authorities of one city cannot be regarded as a precedent. It seems to me that in order to solve this problem it is necessary to apply to the Antimonopoly Committee. Why do sellers raise the price of electricity?
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