Published on July 13th, 2018 | by bitcoin0
Crypto miners get updated power rate structure approved by NY state officials.
New York state regulators have approved a new electricity rate scheme for cryptocurrency miners that will allow them to negotiate contracts, Bloomberg reported July 12.
According to Bloomberg, several months ago the state of New York gave permission to 36 municipal power authorities to charge crypto miners more than other consumers.
The Massena municipal utility will introduce a new rate structure for crypto miners who are interested in conducting operations there.
The state has become a destination for digital currency miners, who employ powerful specialized computers for the energy-intensive activity.
In March, the city of Plattsburgh, New York passed a moratorium on new crypto mining operations in the city.