Bitcoin mining is about to become a costlier proposition in upstate New York.
The New York Public Service Commission on Thursday cleared the New York Municipal Power Agency to raise electricity bills for cryptominers seeking to take advantage of the state’s low-cost hydroelectric power. The agency is made up of 36 municipal power authorities in the state. In some cases, the miners R12; which require huge amounts of electricity for data processing R12; accounted for a third of a municipal utility’s demand, the commission said.
“If we hadn’t acted, existing residential and commercial customers in upstate communities served by a municipal power authority would see sharp increases in their utility bills,” Commission Chair John Rhodes said in a statement.
more link ADS
Smart Retail, Smart Agriculture, Smart supply Chain, Smart Health, Smart energy, Smart City
Blockchain, bitcoin, ethereum, blockchain technology, cryptocurrencies
Information Security, latest Hacking News, Cyber Security, Network Sec
Information Security, latest Hacking News, Cyber Security, Network Security
Blog! Development Software and Application Mobile
Development apps, Android, Ios anh Tranning IT, data center, hacking
Car News, Reviews, Pricing for New & Used Cars, car reviews and news, concept cars
Travel Blog is a unique free online travel diary for travellers across the world.