The Bitcoin joins cannabis in becoming a real concern for rental housing owners

Published on by Martin A Messier

Topic(s): Word of the editor

The Bitcoin joins cannabis in becoming a real concern for rental housing owners

Who would ever have thought that, after the inconvenience related to cannabis cultivation and smoke, rental property owners would have to deal with the problems associated with tenants putting up digital currency installations.

Indeed, some landlords are dealing with tenants who have installed dozens of servers in their apartment. These devices are used to 'mint' digital currency.

It is expected that this type of installation will reoccur and spread because substantial revenues are derived from this type of operation.

Indeed, it is possible to draw several thousands of dollars a month from the operation of a similar system in an apartment.

Naturally, owners of rental properties whose rent price includes the cost of electricity will be more at risk.

These facilities, that is to say the many computers required for digital currency generation, produce significant heat.

Electricity consumption is high, which is a problem for costs if electricity is included in the rent. Moreover, it presents a risk because they are connected to electrical circuits that are not conceived for this purpose.

In addition to the fire safety risk, noise is also an important consideration, as server build-up is likely to create significant noise that will impact other tenants in the building.

The rental housing owner who finds this type of use in his dwelling will be well advised to take immediate steps to stop such inappropriate commercial activities in his residential housing.

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