Bitcoin mine in Limestone, Tennessee will have to shut down due to noise complaints from neighbors.
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- County in Tennessee ordered to close refers to the closing price; similar to the same term used in stock trading. Bitcoin mine
- Nearby residents complained about the noise it produced.
- RedDog the owner company, will build a mine on another site
Mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. has been often condemned by authorities and by organizations, especially those concerned with the environment. In fact, the New York Senate has just passed a bill that would bans crypto mining for two years for coal miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. .
But there is one aspect that has been little touched upon, and that is how these mining farms affect those who live in the towns where they are installed.
This week we learned of a case involving a mine in Bitcoin in Limestone, Tennessee, United States, which was ordered to cease operations at its current location after county commissioners approved a lawsuit settlement filed following complaints from residents.
Washington County stated that mine violates zoning laws and produces too much noise The issue, which the commissioners began trying to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. a year before the agreement.
That said, the agreement allows Red Dog, the company that owns the mine, build a new one in a more suitable location: Washington County Industrial Park.
New mine location and apologies
Finbold explains that Red Dog was ordered to close the mine Bitcoin at Limestone within six months of “energizing” the first units at its new industrial park location or no later than December 31, 2024, whichever is earlier. The deal now awaits approval from the board of directors of the co-defendant of Red Dog, BrightRidge, the local power company.
If that happens, it will mean the end of the lawsuit Washington County filed in November 2021, in which the county sought the closure of the Washington County mine. Bitcoin established next to a substation ofBrightRidge on Bailey Bridge Road in the rural community of New Salem.
The noise produced by the fans on the site caused the residents will begin filing complaints this year. To avoid future problems, the new location should undergo independent noise monitoring, with penalties if it exceeds 60 dB.
GRIID, the company that owns Red Dog and its co-defendant, also agreed to pay the county $35,000 per acre (0.4 hectare) for the new five-acre site, $500 per day retroactive to September 2021 and until mine closure. Limestone.
During the trial, the CEO of GRIID, Trey Kelly, addressing the residents, said the company had not foreseen the problems its mining site would cause and apologized for its troubles.
Sources: WJHL , Finbold , archivo
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