The Department of energy city of Massena, new York will allow the crypto currency miners discuss the conditions of electricity supply and tariffs to be set individually. According to Bloomberg, this will protect other clients from rising prices for the supply of electricity.
The utility assured, the new scheme will be beneficial to all parties.
“Business should pay a fair price for the electricity they consumed. However, upstate there are a large number of cheap electricity, which can meet the needs of existing clients and contribute to the economic development of the region”, — said the Chairman of the Department of public services of the state of new York John Rhodes.
Because of the excess energy generated by hydropower, electricity prices in new York are considered to be among the lowest in the United States. Thus, individual consumers in Massena paid $0,039 per kWh, while the national average rate is $0,13 per kWh.
Note that a few months ago the authorities of the state of new York has allowed 36 of the municipal energy offices to let miners electricity at a higher rate than other consumers.
We will remind, in June, analysts Coinshares found that mining the first cryptocurrency consume two times less electricity than a says the developer of the index of energy consumption of the bitcoin network Alex de Vries, — 35 TVT.