US City of Salamanca Prohibits Crypto Mining in Utility Zones

Salamanca, a small city in upstate New York, has enacted a moratorium on cryptocurrency mining that utilizes electricity from the local utility provider.

As reported by a local news outlet, the city council reached a unanimous decision last week to prohibit any crypto mining activities. The measure aims to safeguard residents from potential increases in their electricity bills caused by excessive power consumption from mining operations.

This decision reflects the city’s efforts to manage resources effectively and ensure fair utility costs for its residents.