https://cointelegraph.com/news/bitcoin-mining-comes-to-new-york-as-lawmakers-approve-power-allocationCloud mining service Coinmint has won approval to take over an abandoned smelter for Bitcoin mining operations on Tuesday, Jan. 30.
As local news broadcaster WWNYTV reports Thursday along with local government documentation, lawmakers in upstate New York voted in favor of awarding subsidiary North Country Data Center (NCDC) 15 megawatts of low-cost power.
This is subject to agreement of tariffs among members, stated the New York Power Authority Board of Trustees and New York State Canal Corporation Board of Directors.
The operation should involve a $165 mln investment in infrastructure from Coinmint and the creation of 150 jobs for the population of nearest town Massena and the surrounding area.
This is a really positive development. We need bitcoin mining to become decentralised around the world. And once lawmakers start associating bitcoin with jobs, they will be really reluctant to ban it.
