The New York Power Authority is considering a new kind of economic development scheme.
A proposed Bitcoin mining center could be built on the site of a defunct aluminum manufacturing facility in Messena, New York.
"North Country Data Center has requested a 15,000 kilowatt allocation of preservation power from the New York Power Authority for its proposed operation at the now-vacant Alcoa East plant," reports Bob Beckstead. The plant would require a $165 million investment, and could bring 150 jobs to the site.
The article also goes into detail about the Bitcoin mining process, in case you're still understandably confused about why the creation of cryptocurrency would require a mining facility that draws so much power from the grid. For additional in-depth coverage of Bitcoin mining, see also an article by Cao Li and Giulia Marchi, published by the New York Times in September 2017.
FULL STORY: Proposed data mining center at Alcoa East could bring 150 jobs to Massena
Cryptocurrency Goes in Search of Cheap Power, Finds it in Small-Town America
Some of the least expensive electricity in the country can be found in Upstate New York, where cryptocurrency miners are starting to set up shop—with or without local approval.
Power Demand is Surging in US
The U.S. has entered a new power paradigm according to a new energy analysis that warns of unprecedented new demands for power, largely from “new manufacturing, industrial, and data center facilities,” and the grid is not prepared for the surge.
New York Temporarily Bans Crypto-Mining
Could New York State’s ban on the energy-intensive activity foreshadow similar actions in other parts of the country?
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
LA County Receives Reconnecting Communities Grants
Seven grant awards totaling $162 million will be used for planning, capital projects, and regional partnerships to reduce environmental harm and improve access in disadvantaged communities.
Seine Pollution Could Hinder Olympic Swim Events
Events like the triathlon could be impacted if tests continue to reveal high levels of dangerous bacteria in Paris’ famous river.
How Financing Restricts the Rental Housing Market
The way apartment buildings are financed has a major impact on supply and costs.
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