Sentences with phrase «local cryptocurrency miners»
Officials will also work with residents and local cryptocurrency miners over the next 18 months on the power issues.
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The PSC responded on Wednesday that it would allow those local power companies to raise rates for cryptocurrency miners.
PLATTSBURGH Just hours after the PSC announced it would allow local authorities to charge cryptocurrency miners more for electricity, Plattsburgh Mayor Colin Read warned that the decision doesn't mark the end of the city's energy concerns.
Much like multinational corporations (MNC) with large overseas operations, miners of cryptocurrency networks as a whole do not measure the income they receive in terms of bitcoins (or other discrete cryptocurrencies), but instead they measure their income in terms of «fiat» from foreign financial markets, specifically converting bitcoins into the local fiat currency where their mining operation physically resides.
Looking to take advantage of low - cost electricity, cryptocurrency miners have set up shop in upstate New York — but municipal power authorities and locals aren't welcoming them.
on a bitcoin entrepreneur, Mr. Bertrand, telling the local media that Canada was attracting cryptocurrency miners because of the abundance of hydropower in the province.
This past November news.Bitcoin.com reported on a bitcoin entrepreneur, Mr. Bertrand, telling the local media that Canada was attracting cryptocurrency miners because of the abundance of hydropower in the province.
Just recently in an interview with Québec's local publication, Le Journal, the CEO of the public utility company Hydro - Québec wants to attract cryptocurrency miners to the region to help bolster economic prosperity.
Steve Wright, the head of the local power utility, says that there are already a dozen major cryptocurrency miners in the area.
In the battle to cut off energy tariffs, Eric Martel, the CEO of Hydro - Quebec, a massive state - owned enterprise based in Montreal that generates electric power in Quebec and other cities has shown his interest to attract cryptocurrency miners to rescue the company's economic prosperity in a recent interview with Le Journal, the Quebec's local publication.
Emerging Markets Eugene Mutai, a Kenyan cryptocurrency miner, recently described «the entire [cryptocurrency] ecosystem» as possibly comprising «the biggest wealth - distribution system ever» in an interview with local media.
The governor of the Russian Leningrad region, Alexander Drozdenko, is inviting cryptocurrency miners to set up mining farms in Leningrad, according to local publications.
Bitcoin Miners / BTC / City officials / Cryptocurrency / Digital Assets / Electrical Power / Electricity / Energy Consumption / fines / Local Law / Mayor Colin Read / Mining Operations / moratorium / N - Featured / new york / Plattsburgh / power / Regulation / Resources / Town / U.S.
Local entrepreneurs, Ilya Frolov and Dmitry Tolmachyov, have developed a functioning prototype for an underfloor heating system that utilizes the heat generated by cryptocurrency miners.