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Proposed cryptocurrency farm location draws protest | Local News

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A company that supports cryptocurrency mining and plans to build a facility on land near Belvoir Elementary School is facing opposition from local residents and concerned parents.

Compute North, a Minnesota-based company with facilities in Nebraska, South Dakota, and Texas, is seeking approval from the Pitt County Board of Commissioners to build a facility on approximately 20 acres on Belvoir School Road, north of Greenville.

Commissioners who approved a change to the county zoning ordinance just last month to allow Compute North to apply for the special use permit are due to hold a public hearing on Monday and possibly vote on it.

Opposition has increased since The Daily Reflector reported news of the zoning change and signs were posted on the property near the school announcing the special use permit hearing. More than 40 people attended a briefing held by Compute North at the Staton House Fire Department on Wednesday in response to the concerns.

“It’s bad enough that the county wants to introduce a company whose model is entirely based on speculation and energy consumption, which will only employ 20 people and which will reduce the rural attractiveness of our area, but will build next to a school and so close to rural areas Residential areas are unscrupulous, “said a letter to the commissioners of Molly Holdeman, whose child is attending Belvoir School.

The property Compute North plans to acquire is located near the intersection of the US 264 Bypass and NC 33 West. The company also plans to lease an additional 30 hectares along NC 33 West. The lots are approximately three-tenths of a mile from the elementary school, said James Rhodes, Pitt County’s director of planning and development.

According to Kristyan Mjolsnes, Vice President of Marketing at Compute North, the property was selected based on three main criteria. It’s near a Greenville Utilities Commission substation, it’s next to a busy freeway, and the property was previously approved for use as a solar farm.

“We felt these characteristics made the location ideal for our type of facility,” said Mjolsnes.

The mining of cryptocurrencies requires large data processing systems. The currency is created or “mined” by data processors in banks that solve complex arithmetic puzzles. The commissioners changed their zone rules last month to allow large computing facilities to operate at the request of Compute North.

In its permit application, Compute North said it plans to build 89 modules on the site along with a warehouse / office building, Rhodes said. Most of the buildings will be built along the property line to the US-264 bypass, he said. It places the modules near an existing substation and removes them from the residential area.

The modules are cooled by passing outside air through the units. A video on the Compute North website shows between 12 and 14 fans at each structure.

“The resulting loud hum can be heard well beyond the development standard of 30 meters from a residential building,” wrote Tamara Shusterman, a project opponent, in a letter to the editor published in The Daily Reflector on Wednesday. “Imagine children trying to learn with constant noise.”

Another opponent was worried because the area is near a stable where her horse is housed. She fears that noises could damage the hearing of the animals on site.

Holdeman referred to an April article in The New Yorker about operations driving up electricity bills in Plattsburg, New York, resulting in a moratorium on new mines.

Rhodes said he was not concerned that the noise from the facility could affect the school as it is about a third of a mile away.

Mjolsnes said the fans are making noise.

“However, since the noise is coming from the fans, it dissipates quickly and is not mechanical or clunky,” said Mjolsnes. “We complete our acoustic modeling in order to provide location-specific data on the noise level.”

“Noise reduction will be required if noise levels are above what our noise ordinance allows,” said Rhodes. The system must comply with the noise protection ordinance, so a well-founded study is carried out.

“It may take some noise abatement and that’s all from the vegetation or some other type of improvement if necessary,” Rhodes said.

Levels can vary depending on the area, Mjolsnes said, and the location will comply with the district’s noise ordinance.

“Compute North is committed to being a long-term, positive member of the local community and we are ready to invest material funds to ensure that noise abatement solutions are in place to maintain the current character of the area,” she said.

Rhodes said the county’s planning staff believe Compute North can meet the criteria for obtaining a special use permit if it follows a list of additional conditions that staff will require of commissioners. The criteria include:

  • Since the site is on a watershed, no more than 36 percent of the area may be sealed.
  • Proposed roads within the development must meet standards that allow fire fighting equipment to reach the site. This must be determined by the district fire brigade.
  • The company must provide an analysis of the forecast noise levels and mitigation measures to ensure that the district’s noise ordinance is complied with.
  • The 20-foot buffer along the northern boundary of the property is to be designed in accordance with the county’s highway overlay district.
  • There must also be a performance along Martin Luther King Jr. Boulevard.
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Cryptocurrency

Facebook’s Novi, Worldcoin, BTC ETF, Mastercard crypto

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1. Introduction of the first US futures-based Bitcoin ETF

2. Senators call out on Facebook, Novi. to turn off

Also on Tuesday, Senate Democrats wrote a letter to Mark Zuckerberg, CEO of Facebook, to get the social media giant to end its Novi digital wallet project.

The letter received from Sens. Brian Schatz, D-HI .; Sherrod Brown, D-Ohio .; Elizabeth Warren, D-Mass .; and others came after Facebook launched its Novi pilot program in the US and Guatemala on Tuesday.

“Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risk and keep consumers safe has proven to be utterly inadequate,” the letter said. “We urge you to immediately hire your Novi pilot and make a commitment not to bring Diem to market.”

Diem, renamed from Libra, is Facebook’s stopped digital currency project. However, instead of using Diem, Facebook announced it would be using a stablecoin called the Paxos Dollar. Novi would allow users to send and receive money using the Paxos dollar, with Coinbase as their custodian partner.

3. Worldcoin scans people’s eyes in exchange for free cryptocurrency

Silicon Valley tech millionaire Sam Altman has launched a new startup called Worldcoin that claims it will provide free cryptocurrency to those who verify their accounts through an iris scan.

Worldcoin says it has shipped its scanning devices to people in 12 countries.

Once users log in by scanning their irises, the image is encrypted and converted into a unique code, while the original data is erased to protect users’ privacy, Worldcoin told CNBC. Afterwards, the users will receive the cryptocurrency from Worldcoin for free.

Worldcoin has accumulated over 100,000 users worldwide and is adding 700 more every week. The start-up aims to reach 1 billion users by 2023.

4. Robinhood’s crypto wallet waiting list exceeds 1 million customers

During CNBC’s Disruptor 50 summit on Thursday, Robinhood CEO Vlad Tenev said that the trading app’s crypto wallet waiting list is more than 1 million customers.

“You can have a wallet, you can send people cryptocurrencies from that wallet to their wallet,” Tenev said. “The technology has certain advantages that somehow make it globally and by default available, and that makes it very interesting.”

Last month, Robinhood announced that it was testing a wallet feature that would allow investors to trade, send, and receive cryptocurrencies. Users can also move cryptocurrencies in and out of the Robinhood app.

5. Mastercard says that every bank or merchant in its network will soon be able to offer crypto services

On Monday, CNBC reported that Mastercard will soon allow banks and merchants on its payment network to incorporate cryptocurrency into their products.

These include bitcoin wallets, as well as credit and debit cards, which users can use to earn cryptocurrency rewards or spend cryptocurrency.

Mastercard partners with Bakkt, a digital asset platform that provides custody services to those who sign up.

6. Nigeria’s Central Bank Digital Currency Goes Live

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Cryptocurrency

New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options

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Bondly announced a new functionality on the Cardano blockchain aimed at creators. Energy consumption has been a major issue on the Ethereum network, especially given the increased use of the blockchain in recent months. The developers behind the project have been working to bring the network to proof-of-stake, but that’s still a year away.

In the meantime, the Ethereum blockchain is still using a proof-of-work mechanism that takes a lot of energy to confirm transactions on the network. So Bondly has introduced a new solution for NFT makers who may be looking for more sustainable and environmentally friendly options for their creations. At the same time, however, you don’t want to lose the NFTs that they already minted on the Ethereum blockchain.

Related reading |

Bridges between two worlds

In his announcement, Bondly says his official Ethereum-to-Cardano bridge will allow developers to choose a greener blockchain for their NFTs. This bridge allows creators to move their NFT creations from the Ethereum blockchain to the Cardano blockchain.

In terms of energy efficiency, the Cardano blockchain is four million times more efficient than Bitcoin. Ethereum is said to consume Columbia’s energy equivalent, while Cardano’s energy consumption is equivalent to that of a single family home. This will create a greener, greener network for creators who are concerned about the environmental impact of blockchain usage.

Related reading | Cardano loses 3rd place in the Crypto Top 10, why it can drop even more

Bondly announced that through this partnership with IOG NFT creators, it will provide a way to easily transfer NFTs imprinted on the Ethereum blockchain to Cardano without the risk of losing a transaction or paying high fees for wire transfers.

Cheaper on Cardano

Aside from their work on an environmentally friendly blockchain, the creators don’t have to worry about the high fees that the Ethereum network has become known for. With the bulk of NFT minting happening on Ethereum, network fees have skyrocketed, drying up smaller creators who can’t afford these high fees. However, this is not the case with Cardano.

ADA price struggles at $ 2.13 | Source: ADAUSD on TradingView.com

The network prides itself on having low fees for every transaction carried out on the blockchain. In addition, the network also provides NFT builders with price predictability and stable transaction costs, eliminating ever-increasing fees and the fear of lost transactions due to insufficient gas charges to cover a transaction.

The bridge is slated to launch in 2022 and to celebrate its launch, Bondly will be releasing a special series of eco-friendly NFTs on the network. Harry Liu, CEO of Bondly, said; “The creation of a cross-chain NFT bridge between Ethereum and Cardano marks a crucial moment in the transition from legacy blockchain technology to one of the most anticipated “third generation” networks. As one of the pioneers of the NFT movement, we continue to play a key role in building the infrastructure that will usher in the next phase of the NFT evolution. “

Related reading | Cardano enters the Babbage era after the Alonzo HFC milestone

Liu isn’t the only one who loves the bridge. Cardano founder Charles Hoskinson expressed support for the project. “We built Cardano with energy efficiency in mind, which is why this partnership with Bondly is so critical,” said Hoskinson. “We believe that blockchain will only achieve mass adoption if end users have a seamless experience regardless of which blockchain they are using, whatever bridges like this one will achieve.”

The founder has always believed that interoperability will be the future of the blockchain industry and that stance is reinforced with the new partnership with Bondly.

Featured image from Bitcoinist, chart from TradingView.com

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Cryptocurrency panel discusses innovation, investment opportunities – Oakland News Now

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Oakland news now –

Cryptocurrency Panel Discusses Innovation, Investment Opportunities

– YouTube channel video with the logo in the top left corner of the video. OaklandNewsNow.com is the original blog post for this type of video blog content.

Crytpo #bitcoin #investingincrypto #YFAMS #YahooAMS Jennifer Schonberger from Yahoo Finance hosts a comprehensive discussion on cryptocurrency with three …

about IFTTT

Note from Zennie62Media and OaklandNewsNow.com: This video blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media, Inc. network for video blogging systems for mobile media launched in June 2018 by Zennie62Media, Inc .s new and innovative approach to news media production. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When the YouTube video channel for Yahoo Finance uploads a video, it is automatically uploaded to the Oakland News Now site and Zennie62’s own social media pages and formatted automatically. The overall goal here is, in addition to our smartphone-enabled real-time reporting of news, interviews, observations and events anywhere in the world and within seconds, not hours – the use of the existing YouTube social graphic on any topic in the world. Now messages are reported with the smartphone and also by advertising current content on YouTube: There is no need for heavy and expensive cameras or even a laptop or a camera team to film what is already on YouTube. The secondary goal is faster and very inexpensive production and distribution of media content. We found that there is a discrepancy between post length and time to product and revenue generated. This means that the problem is much smaller, but by no means solved. Zennie62Media is constantly working to improve the system’s network encoding and is looking for interested content and media technology partners.

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