The team added that it is “committed to building Harmony for many years, to leverage our chain’s unique scaling advantages of uniform sharding and realize our long term vision of network adoption and ecosystem growth.” Instead, we propose deploying our treasury towards both recovery and development,” Harmony said in a Medium post. “We propose not minting more ONE tokens nor changing our tokenomics with a hardfork of the protocol. The team would like to update our community and partners on our Horizon bridge asset recovery proposal.Ī □version □ /miSTZuo2KOĪccording to the team, after “listening to our validators and community,” the goal is now to preserve the foundation of the Harmony blockchain “with 0% minting.” “You can hear a low-pitched hum but it’s just from the large fans we use,” he said.$0.00039393 2.72% Terra Classic (Wormhole) CleanSpark also installed sound barriers around its facility. Schultz said CleanSpark picked College Park partly because it’s in the Hartsfield-Jackson International Airport flight path and jet-engine noise drowns out the sounds of bitcoin mining. The mining operation in Adel, Georgia, has gotten complaints, with one couple reporting to WAXL News in Albany last December they had spent $5,000 trying to soundproof their house, but it was still driving them crazy. A county in eastern Tennessee recently sued a bitcoin miner there over noise and sight pollution. Noise can also be a problem with bitcoin mining. The state also has relatively cheap energy, with an average rate of 9.93 cents per kilowatt hour, according to the most-recent figures from the U.S. Georgia has a growing complex of alternate energy production, such as solar and wind, and it is adding nuclear capacity with Georgia Power’s Plant Vogtle, though the project is years behind schedule. To try to deflect criticism about energy consumption, many miners seek utilities that have solar, wind and nuclear power, which don’t emit greenhouse gasses. “They’re able to negotiate better rates,” said Matt Schultz, chairman of CleanSpark, which has mining facilities in College Park and Norcross, rather than rural areas.Ĭollege Park’s municipal-owned utility gets 90% of its power from nuclear sources, the highest of any Georgia city. And by serving more and bigger customers, the smaller utilities gain more leverage with Georgia Power, which sells power to them. The largely rural electric cooperatives and municipal-owned utilities also like miners because they provide a new source of revenue. That’s less than many factories or warehouses, but it’s still something. Horace Daniel, chairman of the county commission in Washington County, the home of Sandersville, summed up why he supported it.Īn average bitcoin mining facility usually employs no more than 20 workers, such as electricians and technology specialists. In March, an Australian company announced an expansion of its facility in Sandersville, between Macon and Augusta. Rural areas of Georgia and small towns like Adel, Dalton, Fitzgerald and LaFayette lured the first wave of mining companies. Not so many years ago, bitcoin was worth almost nothing. A bitcoin bought for $67,544 last November was worth $46,535 on April 1, according to CoinDesk, a website that tracks cryptocurrency news and values. Those solving the complex calculations to verify transactions can reap the rewards of earning newly generated bitcoins.Ĭryptocurrencies are a long way from replacing traditional money, and their values swing widely. Doing all that work is also how the mining companies make a profit. The concept behind bitcoins and other cryptocurrencies is baffling to many raised on paying with credit cards and American greenbacks.Ĭryptocurrencies exist only in the form of digital tokens that can be bought, sold or traded online, converted to hard currency or used to buy goods or services from merchants who accept them as payment.Ĭryptocurrency miners use stacks of thousands of computers to run complex calculations that independently track and verify how each token is traded or spent.
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