The Village Of Massena Has Proposed A Cryptocurrency Mining Moratorium – NNY360

• A moratorium has been enforced by the city, which has been extended multiple times, the most recent being till February 28. The council was scheduled to hold a public hearing on the extension of the moratorium ahead of its monthly meeting on Wednesday.

• He went over the language city officials used when they first authorised the moratorium in order to use it as a reference for any future modifications to village code. He advocated scheduling a public hearing at the March 15 village meeting to establish a six-month ban that would end in September.

• Three or more interconnected computers located together in a single building whose primary duty is to execute cryptocurrency mining or associated data processing, according to the proposed resolution.

MASSENA – Village authorities are following the lead of their Massena City Council counterparts in proposing a cryptocurrency mining prohibition.

The Village Explore A Similar Prohibition On Bitcoin Mining Businesses In The Future

This would encompass any bitcoin mining operations within the village’s boundaries for the village. A moratorium has been enforced by the city, which has been extended multiple times, the most recent being till February 28. The council was scheduled to hold a public hearing on the extension of the moratorium ahead of its monthly meeting on Wednesday. On Tuesday, Deputy Mayor Matthew J. LeBire told village administration, It’s been a topic in the community for some time now. We have information in there about storage containers and things like that, even if our code is a little different.

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Mr. LeBire suggested that the village explore a similar prohibition on bitcoin mining businesses in the future. I thought it would be prudent for us to contemplate a moratorium as well, he said, to give us time to evaluate our code and see what adjustments, if any, are required. -he proclaims. He went over the language city officials used when they first authorised the moratorium in order to use it as a reference for any future modifications to village code. He advocated scheduling a public hearing at the March 15 village meeting to establish a six-month ban that would end in September. It would enable us to meet with folks like Foreman (Aaron T.) Hardy, contact the attorney, and ensure that our code is enough, and if it isn’t, submit any advised adjustments to the board. admin in order for it to get to where we need it to be. LeBire said, This one gives us six months.

Mr. Hardy is the code enforcement officer for the village.

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The Proposed Resolution States

The Village Council feels that such a moratorium will protect the public interest and the welfare of the citizens of the Village until such comprehensive restrictions are adopted, the proposed resolution states. Cryptocurrency mining, according to the village, is the business process by which cryptocurrency transactions are verified and added to the public ledger, known as the blockchain, as well as the means by which new units of cryptocurrency are released, through the use of server farms and data processing equipment. Three or more interconnected computers located together in a single building whose primary duty is to execute cryptocurrency mining or associated data processing, according to the proposed resolution.