NYC electricity price goes up by 1000%!

in news •  9 years ago 

Well if you are from the New York City and are mining Bitcoins or other cryptocurrencies it might be time to give it a bit of rest since the price per megawatt hour is at astonishing $1,042! It's not as sunny regarding electricity prices for all of you if you are from NYC as on this picture.

You can read more on CNN

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

In the States, it seems one of the best place to be mining crypto is in Eastern Washington State due to the lost cost hydro electricity.
But there are already some greedy local municipalities trying to raise the rates to screw up the server farms that have popped up in these rural communities.

It's always like that the honest, small people will in the end always get the short end of the stick.

Greed Greed Greed - all corporations operate on this basis!!!!

Yeah to much greed from big corporations.