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
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New Alaska Bitcoin Mine Would Burn as Much Energy as the State’s Largest Coal Plant
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The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
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Seattle's Plan for Adopting Driverless Cars
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As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
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With Protected Lanes, 460% More People Commute by Bike
For those needing more ammo, more data proving what we already knew is here.
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