Appalachians claim they were kicked out of their region after opening a cryptocurrency mine

Residents of an Appalachian town in North Carolina say they have been forced from their homes by a noisy cryptocurrency mine that has sparked petitions and protests.

The facility in Murphy, one of two in Cherokee County, constantly made a sound that resident Mike Logevich describes as “a little plane that never leaves.” In September, one mine was described as “more expensive to produce than beef”.

Sound meters Lugiewicz ran outside his yard showed the constant noise of stacks of computer servers and cooling fans registering from 55 to 85 decibels.

“There’s a three-mile racetrack here,” said Logevich. You can hear the cars running. It is a nice.’

“But at least they stop,” Jodi Staines added. CNN. “And you can go to bed.”

Residents of an Appalachian town, North Carolina, say they have been forced from their homes by a noisy cryptocurrency mine that has sparked petitions and protests.

Residents of an Appalachian town, North Carolina, say they have been forced from their homes by a noisy cryptocurrency mine that has sparked petitions and protests.

Cryptocurrency bans by places like China have led those looking to seek out locations along the Appalachians, as energy is relatively affordable and regulation is usually lacking in those regions.

A company called PrimeBlock has bought dozens of mines across North Carolina, as well as in Tennessee and Kentucky.

The company — which is based in San Francisco — has secured about $300 million in equity financing and is likely to go public soon.

Despite having a largely Republican and libertarian base, the noise has forced residents to demand that their local government do something about it, with the Board of Commissioners recently asking state and federal officials to regulate cryptocurrency mining.

“I personally believe that if we can get a bill into the system, other (North Carolina) counties will join,” said Chairman Cal Styles.

Chandler Song, co-founder and chief innovation officer of PrimeBlock, said such regulation would be “unconstitutional, to say the least” and said of the sites: “Boy, they wanted us so bad a year ago.”

There were plans for PrimeBlock representatives to speak at a Cherokee County board meeting, but county commission chairman Dan Eichenbaum said they decided not to attend because someone shot up a service line.

Resident Mike Logevich (pictured left) describes the noise as

Resident Mike Logevich (pictured left) describes the noise as “a little plane that never leaves.”

Bans on cryptocurrencies by places like China have led those looking to seek out locations along the Appalachians, as energy is relatively affordable and regulation is usually lacking in those areas.

Bans on cryptocurrencies by places like China have led those looking to seek out locations along the Appalachians, as energy is relatively affordable and regulation is usually lacking in those areas.

Song has since said he has not heard any complaints from the county but promised that PrimeBlock would build noise-isolating walls and install water-based cooling systems that make sound, Washington Post mentioned.

They did, but only on two sides of the mine before construction stopped, further angering the residents.

Both Song and co-founder Ryan Fang appeared on Forbes’ 2017 list of young entrepreneurs who have raised over $10 million in venture funding.

PrimeBlock had revenue of approximately $25 million in the fourth quarter of 2021 and an estimated enterprise value of $1.25 billion.

Despite having a largely Republican and Libertarian base, the noise has forced residents to demand that their local government do something about it, with the Board of Commissioners (pictured) recently asking state and federal officials to regulate cryptocurrency mining.

Despite having a largely Republican and Libertarian base, the noise has forced residents to demand that their local government do something about it, with the Board of Commissioners (pictured) recently asking state and federal officials to regulate cryptocurrency mining.

Chandler Song, co-founder and chief innovation officer of PrimeBlock, said such regulation would be

Chandler Song, co-founder and chief innovation officer of PrimeBlock, said such regulation would be “unconstitutional, to say the least” and said of the sites: “Boy, they wanted us so bad a year ago.”

Song has not yet responded to any follow-up questions. DailyMail.com has reached out to a PrimeBlock spokesperson for comment.

The mines, along with winter storms, were blamed for blackouts in the power grids built by the Tennessee Valley Authority, which rarely occurred in the history of the New Deal program. Mine never closes

“They locked us on Christmas Eve and Christmas Day every hour for about 15 to 45 minutes to an hour,” said resident Ron Wright. “Well, as soon as the power goes down, the heat pumps explode and the pipes freeze.”

Lugiewicz and Stines are still fighting, but Lugiewicz has attached a for sale sign to his house.

I think September of 2021 is when they turned this on, and my wife and I just shook our heads, and said, “No, we’re out of here.”

Although promises PrimeBlock would build noise-isolating walls and install water-based cooling systems that sounded, they only built them on both sides of the mine before construction halted, further angering residents.

Although promises PrimeBlock would build noise-isolating walls and install water-based cooling systems that sounded, they only built them on both sides of the mine before construction halted, further angering residents.

The mines, along with winter storms, were blamed for blackouts in the power grids built by the Tennessee Valley Authority, which rarely occurred in the history of the New Deal program.  Mine never closes

The mines, along with winter storms, were blamed for blackouts in the power grids built by the Tennessee Valley Authority, which rarely occurred in the history of the New Deal program. Mine never closes

The Murphy facility has made waves all the way in neighboring Clay County, which imposed a ban on commercial cryptocurrency mining last August.

In terms of environmental impacts, the board has found that cryptocurrency mining contributes to climate change, noise pollution, environmental devastation, and the massive amounts of energy used including, but not limited to, electric power, as the ordinance states.

County Commissioner Clay Logan told Clay County Advance It was “just good reasoning”.

Both Change.org and the Sierra Club They launched petitions against the mines.

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