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New York has just opened a door to mining companies that need intense electrical demand, to take advantage of some of their least expensive sources of energy.
Regulators approved a new tariff structure for a public service in the north of the state, which will allow crypto-currencies minors interested in operating in this place to negotiate their contracts.
Massena will review the contracts individually, while protecting her other clients from rising costs.
Just four months ago New York allowed 36 municipal authorities to charge a higher rate to digital mining companies.
New York is one of the major hydrological regions of the world, where cryptocurrency miners are looking for cheaper energy.
In China, local customers are concerned that these companies are absorbing cheap hydropower supply and increasing tariffs for all.
or that of New York to strike a balance between attracting new businesses and protecting residents from rising energy costs.
"We need to make sure that companies pay a fair price because of the electricity they consume," said Thursday John Rhodes, chairman of the State Department of Public Utilities of New York . " However, given the abundance of electricity at Low cost in the north of New York there is an opportunity to meet the needs of current customers and stimulate, at the same time , the economic development of the region. "
NEGOTIAL ELECTRICITY
One month, Quebec has decided to triple the price of electricity for miners cryptocurrency while trying to handle the increase in the demand in the industry.
The increase occurred despite the fact that the supplier Hydro -Qu ebec tried to attract minors to settle there and enjoy from the abundance of electricity produced by dams in the north of the region
New York hydroelectric dams built decades ago have allowed companies Municipal power companies North of the state provide their customers pennies per kilowatt-hour (kWh).
In Massena, residential customers pay about 3.9 cents per kWh.In comparison, the national average is 13 cents by Kwh.
In March, Plattsburgh, a small town on the edge of a lake north of New York became the first to impose an 18-month moratorium on the emergent mining operations of cryptocurrencies .
At that time, the company charged them an average of 2.6 cents per kWh. The state's Department of Public Utilities has authorized 36 municipal energy agencies, including Plattsburgh, to charge higher fees because of the high volumes of electricity required.
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