RATE Group | Small portion of Bonner Bitcoin bill approved for TIF dollars | Local
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Small portion of Bonner Bitcoin bill approved for TIF dollars | Local

21 Dec Small portion of Bonner Bitcoin bill approved for TIF dollars | Local

Posted at 05:13h in Bitcoin News by

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Special tax dollars will cover the $18,984 tab for an acoustics study done at Bonner’s cryptocurrency mining business, but they won’t pay the $121,700 bill for the installation of 424 quieter fans at the facility.

During an at-times contentious administrative meeting, Missoula County commissioners said while the new cooling fans at HyperBlock — formerly Project Spokane — certainly made life better for Bonner residents, it wasn’t up to taxpayers to pay to fix the noise problem the company created when it opened a Bitcoin mining industry at the former mill.

However, the commissioners agreed that using Bonner Mill Tax Increment dollars is appropriate to reimburse Bonner Property Development for undertaking the study, which measured the noise emanating from the fan blades that cool the computer servers running around the clock every day. The servers solve mathematical problems…

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