New Power Rates for Cryptocurrency Miners in Upstate New York


The New York Public Service Commission (PSC) has approved new electricity rates for cryptocurrency miners in Upstate New York.

In a press release issued by the New York PSC, high‐density power consumers like cryptocurrency miners under the Massena Electric Department will pay new utility rates. The new rules approved by the New York PSC aims to protect existing electricity customers while at the same time encouraging miners from setting up shop in the area.

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