[2018/97/14]New York Approves New Electricity Rates for Crypto Miners

[johnine]

New York Approves New Electricity Rates for Crypto Miners

New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff,” including “protect[ion] […] from increased supply costs.”



Read more here: https://news.bitcoin.com/new-york-approves-electricity-rates-crypto-miners/
By: Samuel Haig

[1715438585]

1715438585

[J_Crypto]

Miners make money on this. I also think that they have to pay taxes, since the load on the network is considerably growing.