Looking to take advantage of low-cost electricity, cryptocurrency miners have set up shop in upstate New York β€” but municipal power authorities and locals aren’t welcoming them. On Thursday, the New York State Public Service Commission gave upstate municipal power authorities the power to charge higher rates to companies, which mine cryptocurrency. According to a release from the Commission, the ruling was a necessary measure to prevent the rise of local electricity prices for existing Read More The post Upstate New York Forcing Out Cryptocurrency Miners appeared first on Bitcoinist.com.



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