New York Crypto Miners to get Power at Higher Rate?

As per new electricity rate scheme in New York, crypto miners need to pay more than other consumers. New York State Department of Public Service Chair John Rhodes said in a statement:

We must ensure that business customers pay a fair price for the electricity that they consume. However, given the abundance of low-cost electricity in Upstate New York, there is an opportunity to serve the needs of existing customers and to encourage economic development in the region.

On the other hand in Quebec, Canada provincial utility Hydro-Quebec proposed a new regime under which blockchain companies will be required to bid for electricity and quantify expected job creation and investment.

Read more at Cointelegraph


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