My Bounce Mania

Main Menu

  • Crypto
  • Stock Market
  • Fibonacci
  • Forex Trading
  • Money Management

My Bounce Mania

Header Banner

My Bounce Mania

  • Crypto
  • Stock Market
  • Fibonacci
  • Forex Trading
  • Money Management
Crypto
Home›Crypto›Crypto mining is coming to East Tennessee

Crypto mining is coming to East Tennessee

By Wanda M. Luce
July 22, 2022
0
0

Wattum, a crypto-mining company, has purchased two locations in East Tennessee.

KNOX COUNTY, Tenn. – The city of Morristown will get two crypto-mining sites.

Wattum, a crypto-mining company, has approached the Morristown Industrial Development Board to purchase two sites in Morristown Industrial Parks, according to a Facebook post from Mayor Gary Chesney.

The post says the Morristown City Council unanimously agreed to sell a site in East Tennessee’s Progress Center and another in East Tennessee’s Valley District in Wattum on July 21. .

Morristown Utility Systems said it will have enough capacity for high-powered computers.

Chesney said concerns about noise levels such as cooling fans blowing on heat-generating cryptocomputers prompted complaints from isolated residential owners, and a lack of county zoning had allowed unrestricted facilities.

The crypto-mining operation passed a business background check and agreed to keep decibel levels below 70, which is well below OSHA standards, according to Chesney.

Before approving the sale, the mayor said city leaders visited other crypto mining operations in Washington County and Jellico.

The city of Morristown will receive about $250,000 from the facility for the first two years, then only receive property taxes thereafter, according to Chesney.

Related posts:

  1. South Korea to tax 20% of crypto profits, deductible from mining costs
  2. U.S. Cryptocurrency Adoption Indicates A Crypto-Positive Nation
  3. Citi plans to launch crypto services after surge in customer interest
  4. I have FOMO crypto! “ I am too old to sit down and I hope I can make up for lost time by safely investing my little money ”

Recent Posts

  • Top 4 Things Successful Forex Traders Should Know
  • FTC Probes $200 Million Bitmark Crypto Hack
  • What do you want to know
  • AUD/USD Forex Technical Analysis – Break above 0.7053 Fibonacci level puts 0.7283 main high on radar
  • DXY Index and USD/JPY Show Signs of Overshoot

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021

Categories

  • Crypto
  • Fibonacci
  • Forex Trading
  • Money Management
  • Stock Market
  • Terms and Conditions
  • Privacy Policy