Bitcoin
$16,922.20
-202.06
(-1.18%)
Ethereum
$1,274.88
-11.85
(-0.92%)
Ripple
$0.39
-0.01
(-3.09%)
Litecoin
$76.59
-0.59
(-0.76%)
EOS
$0.93
-0.01
(-1.58%)
Cardano
$0.31
-0
(-0.95%)
Stellar
$0.09
-0
(-1.87%)
NEO
$6.76
-0.17
(-2.51%)
NEM
$0.03
-0
(-0.85%)
DigitalCash
$44.94
+2.05
(+4.78%)
Tether
$1.00
0
(0%)
Binance Coin
$290.50
-7.22
(-2.43%)
QTUM
$2.21
-0
(-0.18%)
Verge
$0.00
0
(+0.44%)
Ontology
$0.18
-0
(-1.62%)
ZCash
$44.95
+1.75
(+4.05%)
Steem
$0.18
-0
(-1.96%)

Neighbors unhappy about crypto mining operation in Glencoe, Minn.

0


GLENCOE, MINN. — Eddie Gould and Sandra Olson have lived for decades next to a cement plant, a canning factory and a busy truck route. But they say nothing has disturbed their peace and quiet like the crypto mining operation that recently opened in this McLeod County town about 50 miles west of the Twin Cities.

“It is the dominant factor of living here right now,” said Gould, a retired actor and taxi driver. “It rattles the fabric of our house and our yard. You can hear it 24 hours a day — it never stops.”

The couple said they’ve stopped using their backyard deck because of noise from the banks of computers and cooling fans about 200 feet from their property. Olson, who bought the house more than 50 years ago, said she’s “mad about the whole thing.”

Crypto mining is an intensive computing process that produces cryptocurrency, of which Bitcoin is the best-known example. Crypto miners use massive amounts of computing power to solve complex mathematical problems that yield value in the form of digital currency that’s traded outside the normal banking system.

The Glencoe crypto operation is owned by Bit49, a Colorado-based company. Cody Nelson, Bit49’s chief operating officer, said the company has gone to great lengths to respond to the couple’s concerns.

“We’ve done everything we can,” he said. “We consult professionals; they say, ‘Do this,’ and we do it.”

Throughout the Upper Midwest, cities and power companies are hoping to cash in on crypto mining, which uses…



Read More: Neighbors unhappy about crypto mining operation in Glencoe, Minn.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.