New York Wants a Piece of the Ever Growing Bitcoin Mining Pie309

Watch out Canada! New York wants a piece of the bitcoin mining market, securing for its residents revenues and jobs that come along with the electricity intensive process. The New York Power Authority has approved the allocation of 15,000 kilowatts of hydroelectric power to a new bitcoin mining venture by Coinmint, the North Country Data Center Corp, pending the approval of a contract within a year. The new bitcoin mining facility is planned to operate around the clock, and NCDC indicates it would hire 75 full-time employees in 2018 and 75 in 2019 for a total minimum employment force of 150 employees. The proposed location for the new mining complex is just south of Canada, whose cold climate and cheap hydroelectric power are a major attraction for Chinese bitcoin miners.
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