Niagara Falls City Council plans to pause all future crypto mining centers in Niagara Falls. According to a local media report, the council decided to go ahead with the motion after numerous complaints from locals over the noise these centers produce. As the report noted, the council’s priority is its residents.
The Future For Existing Data Centers
Crypto mining farms, often called data centers, have become quite common in Niagara Falls. For instance, there is one on Buffalo Avenue, in Niagara Falls, which is at the old site of the Dupont Factory. This center has been fingered by the residents as causing the most concern. According to one resident, they could feel the heat emanating from the plant as far away as across the street. The resident also complained that the noise was deafening. For now, there does not appear to be any plans to remove existing data centers.
Residents Are Unhappy
While the council has decided to impose a moratorium on all future data centers for six months, residents are still not happy. Some expressed displeasure at how long it had taken the council to take action. The moratorium passed with a 4-1 vote and became effective immediately starting on December 15, 2021. It will last until June 15, 2022. According to the Chair of the council, Kenny Tompkins, they wanted to stop the spread of similar facilities until they had proper guidelines in place.
Implications For The Crypto Mining Industry
Until now, crypto mining centers have not faced similar complaints from residents in other parts of the US. One reason for this might be that in states like Florida, which has been extremely welcoming to the crypto sector, mining centers are located far from residential areas. However, it is an interesting development that other companies in the crypto mining sector will watch keenly.
In the future, crypto mining factories might opt to choose locations that are far from residential areas. It will ensure that they do not have to deal with potential complaints from locals that could force them to relocate their operations prematurely. However, that is unlikely to be an issue in larger states like Texas, which hosts the largest crypto mining center in the US.
Is Crypto Mining Profitable?
Crypto mining seems to have moved from the hands of small miners into the hands of industrial-sized mining facilities. However, it can still be profitable for small miners with one or two machines. The best way to ensure this is to live in a place with cheap power.
Besides that, miners need to ensure they use the latest equipment. Miners also need to ensure they use software that helps them pick the right type of coins to mine at the right time to remain profitable. Finally, they need to join a reliable mining pool, which is one of the best ways to ensure they can remain profitable.
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