Bitcoin Boom or Bust?

MOUNTAIN CITY, TENN (WCYB) — A proposed Bitcoin mining facility is producing buzz and concern in Mountain Metropolis.

Nevada-based tech firm CleanSpark desires to ascertain a large-scale cryptocurrency mining operation within the space, promising native jobs and financial development. Some residents are elevating questions on its environmental affect and transparency.

The power would depend on energy-intensive computing to validate Bitcoin transactions. Group members concern the round the clock operation may pressure assets, hike up utility prices and disrupt the agricultural character of Johnson County.

“Nobody requested us what we thought. We simply heard about it after the very fact,” mentioned Amelia Lopez Saltarelli

The proposed web site is positioned simply off Freeway 421 proper close to a suburbanized space. Which has brought on concern to residents over the noise and environmental affect it’s going to have.

Mayor Jerry Jordan goes to Norcross, Georgia with different city leaders to tour one of many CleanSpark’s amenities.

“That is most likely probably the most essential choices I’ve ever madeI’m taking this critically,” Jordan mentioned.

Group members are asking the council to both cancel or postpone the assembly Tuesday to allow them to consider the dangers collectively.