MASSENA — Village officers are following the lead of their counterparts on the Massena City Board in proposing a moratorium on cryptocurrency mining operations.
For the village, it might embrace any cryptocurrency mining operations inside the village limits.
The city imposed a moratorium that has been prolonged a number of instances, most just lately till Feb. 28. The board was scheduled to debate the moratorium extension once more throughout a public listening to earlier than its month-to-month assembly Wednesday.
“This has been a subject within the city for fairly a while now,” Deputy Mayor Matthew J. LeBire advised village trustees Tuesday. “Though our code is a little bit completely different, we do have some issues in there relating to storage containers and issues like that.”
Mr. LeBire mentioned the village ought to think about an identical moratorium on future cryptocurrency mining operations.
“I assumed it might be clever for us to contemplate additionally doing the moratorium, giving us time to take a look at our code and seeing, if modifications are wanted, what modifications should be made,” he mentioned.
He reviewed the language city officers had initially used after they accepted their first moratorium to make use of as a information for any potential modifications within the village code. He proposed holding a public listening to in the course of the village’s subsequent assembly on March 15 to undertake a six-month moratorium that may expire on the finish of September.
“That may permit us to get with folks like Foreman (Aaron T.) Hardy, get with the lawyer and guarantee that our code is adequate and, if not, make any urged modifications to the board for his or her consideration to get it the place we should be. This one offers us six months,” Mr. LeBire mentioned.
Mr. Hardy serves because the village’s code enforcement officer.
In response to the proposed decision, “the Village Board believes that such a moratorium will defend the general public curiosity and welfare of the residents of the Village till such complete laws are adopted.”
The village defines cryptocurrency mining as “the industrial course of by which cryptocurrency transactions are verified and added to the general public ledger, referred to as the block chain, and likewise the means by way of which new models of cryptocurrencies are launched, by way of using server farms using knowledge processing tools.”
The proposed decision defines server farms as “three or extra interconnected computer systems housed collectively in a single facility whose major operate is to carry out cryptocurrency mining or related knowledge processing.”