Irony struck recently with the publication of Jacob Aronoff’s “fresh-from-Dubai” proposal for Maine to subsidize the crypto mining industry (“Maine’s energy grid needs help. Crypto mining might offer it,” Feb. 2).
While he makes a valid pitch that tax revenues from crypto mining might offset the public outlay required to improve Maine’s power grid and subsidize the crypto mining industry’s need for massive amount of electricity, this story hit at the same time as reports that a United Arab Emirates company took a $500 million stake in President Trump’s family-owned crypto enterprise.
Aside from the ironic timing of the two stories, I take issue with the assertion that Texas is coping well with the crypto mining industry. Aside from the unbearable noise emanating 24/7 from the facilities, the power they require is off the scale. Maine already subsidizes commercial solar farms at taxpayer expense. Just say no to this latest raid on our wallets.
Larry Butler
Topsham
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