Missoula county, located in western Montana, wants to regulate cryptocurrency mining. In an official announcement on their website, details regulations on crypto mining discussed by the county commissioner.
In the announcement, the county gave two drafts, one for cryptocurrency Mining Regulations and the second covers Cryptocurrency Mining Zoning Overlay District Regulations.
The county wants to regulate cryptocurrency mining in an effort of reducing climate change. The new regulations will also enable businesses and individuals in the space to comply with zoning and noise regulations.
Reportedly, local cryptocurrency mining operations take as much as 33 percent of the energy required by all households in the county. Some mining operations located in Bonner, however, are using renewable energy from a hydro-electricity dam.
Despite these efforts, some officials believe that they are still indirectly contributing to greenhouse gas emissions. Missoula County energy conservation and sustainability coordinator, Diana Maneta explained that even though mining operations buy renewable energy, they still impact climate change by forcing previous customers to resort to other sources of energy.
“When you buy existing renewable energy, you are displacing previous power customers, who are then using other sources. By doing so, you are then having an impact on climate change.”
The proposed regulations established locations where cryptocurrency mining operations may be sited. According to the proposed rules, the mining operations will be located only in light and heavy industrial districts. These regulations also give conditions that must be met to protect public safety, health, morals, and general welfare.
Mining operations also need to go through reviews as a conditional use in compliance with set laws. A DEQ-licensed electronic waste recycling firm will handle all electronic waste generated by the cryptocurrency mining operation.