TY - JOUR
T1 - Energy consumption boomtowns in the United States
T2 - Community responses to a cryptocurrency boom
AU - Greenberg, Pierce
AU - Bugden, Dylan
N1 - Funding Information:
It may also be useful to compare the dynamics of crypto booms in different settings across the U.S. In Montana, cryptocurrency mining has been encouraged and supported by regulatory agencies—even receiving a $416,000 job creation grant from the state government in 2017. Although, residents have recently complained about the noise from the facility—and local regulators were weighing the possibility of a moratorium, as of October 2018 [ 44 ].
Publisher Copyright:
© 2018 Elsevier Ltd
Copyright:
Copyright 2018 Elsevier B.V., All rights reserved.
PY - 2019/4
Y1 - 2019/4
N2 - While scholars have studied the impacts of energy development booms on local communities in the U.S., much less is known about towns experiencing energy consumption booms from industries such as cryptocurrency mining. This article proposes that energy consumption boomtowns are unique in the risks, benefits, and conflicts they create—and that they provide fruitful areas of research for energy social scientists. We illustrate this point with a brief case study of Chelan County, Washington—where an influx of crypto mining over the past five years has stirred community debate. We collected more than 100 newspaper articles, public comments, and public meeting recordings to identify the cautions, hesitations, and criticisms that have caused local regulators to take a precautionary approach. We highlight five key points of the debate that may be of interest to energy social scientists: (1) impacts on the local energy supply and prices, (2) unclear socioeconomic benefits to the county, (3) the illegitimacy of cryptocurrency, (4) environmental considerations, and (5) a disconnect with local legacy industries and community economic identity. We conclude by proposing areas of future social science research on energy consumption booms.
AB - While scholars have studied the impacts of energy development booms on local communities in the U.S., much less is known about towns experiencing energy consumption booms from industries such as cryptocurrency mining. This article proposes that energy consumption boomtowns are unique in the risks, benefits, and conflicts they create—and that they provide fruitful areas of research for energy social scientists. We illustrate this point with a brief case study of Chelan County, Washington—where an influx of crypto mining over the past five years has stirred community debate. We collected more than 100 newspaper articles, public comments, and public meeting recordings to identify the cautions, hesitations, and criticisms that have caused local regulators to take a precautionary approach. We highlight five key points of the debate that may be of interest to energy social scientists: (1) impacts on the local energy supply and prices, (2) unclear socioeconomic benefits to the county, (3) the illegitimacy of cryptocurrency, (4) environmental considerations, and (5) a disconnect with local legacy industries and community economic identity. We conclude by proposing areas of future social science research on energy consumption booms.
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U2 - 10.1016/j.erss.2018.12.005
DO - 10.1016/j.erss.2018.12.005
M3 - Short survey
AN - SCOPUS:85058659757
SN - 2214-6296
VL - 50
SP - 162
EP - 167
JO - Energy Research and Social Science
JF - Energy Research and Social Science
ER -