Revolve Labs has withdrawn plans to build a Bitcoin mining facility in Windom, Minnesota, following concerns from residents about noise pollution and potential home value declines. Despite assurances that the facility would have reduced local energy bills and generated revenue, noise from air-cooling fans remained a key issue. A similar situation occurred in Norway, where the closure of a Bitcoin mining facility due to noise complaints led to a 20% increase in energy bills for residents. Bitcoin mining proponents argue that such operations can stabilize the energy grid and reduce electricity costs by utilizing surplus energy.
9/27/2024 11:23:13 AM (GMT+1)
Cancellation of plans for a mining farm in Minnesota: Revolve Labs rejected the project, which could have reduced electricity bills for 3 years, due to complaints about noise and decreased property values 🔊
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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