Published On: Fri, Feb 2nd, 2018

NY Power Authority CEO Wants to Give Cheap Electricity to Bitcoin Miners

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The New York Power Authority CEO has recommended that the organization approve a request for cheap energy towards Bitcoin mining in the town of Massena, New York.
From Smokestacks to Server Racks
The state of Washington immediately comes to mind when talking about bitcoin mining operations in the US. But New York?
NCDC (North Country Data Center Corp), a subsidiary of Coinmint, is planning to set up a mining center at a closed site for a traditional smokestack industry in Massena, located on the shore of the St. Lawrence River in upstate New York.
Residents of Massena see this is a positive development for their local economy as the shuttered Alcoa East smelter may now be retrofitted to host the digital mining operation.

Steven O’Shaughnessy, the town’s supervisor. says:
It would be good for Massena, I think they are highly technical jobs. We’re definitely going to look forward to something like that.
NCDC plans to invest $165 million USD and hire up to 150 people, who will help maintain the center and oversee thousands of computer servers operating around the clock.
The company plans to hire 75 full-time employees in 2018 and 75 in 2019, for a total minimum employment …

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