There’s a lot going on in the crypto sector. Some are calling for more crypto regulation, others are warning investors of the multiple crypto risks. Then, there are countries like Canada, the United States, and Iceland – all of which are warning the masses of crypto mining energy concerns, due to the overload of crypto mining requests.[1][2]
Today, joining the conversation surrounding crypto mining – otherwise referred to as crypto farming – is a county in the state of Washington. It’s worth mentioning that this is not the first county in Washington to put a halt on crypto mining, but it is the latest.
Washington Feeling the Crypto Mining Energy Concerns
Another one bites the dust. The world has now been informed that the Mason County’s Public Utility District (PUD) commissioners have gone forth with the decision to halt all new crypto mining projects. The reason being is that the Mason County fears the county will not be able to power crypto mining projects due to the intense pressure these operations put on power grids.
Quebec temporarily halted crypto mining operations for the same reason. And Iceland has the same worries but decided to take the risk. Earlier this year, Iceland disclosed two things: A) in 2018, Iceland is going to use more energy to farm cryptocurrencies than it will to power its homes, and B) though it has plans to power these projects, it isn’t 100% confident that it will have enough energy to do so, or to keep up with the ongoing rising demands of crypto mining in the country. Meanwhile, on March 23, Hydro-Quebec announced that it will be temporarily stopping new crypto mining projects from setting up base in the Canadian province. This
