Crypto Winter Freezes New York Bitcoin Mining Trade


A novel attribute of many upstate New York cities is their low vitality charges. Hydroelectric dams alongside the St. Lawrence river give residents electrical energy so low-cost that many even warmth their houses with it. The area made excellent sense for crypto miners through the “gold rush” days of 2017 and early 2018, and the elevated demand from the Bitcoin mining business created the issue of elevated electrical energy demand driving up the prices. Mining Premiums & Authorities Motion + Crypto Winter = Poisonous Setting for Bitcoin Miners Some municipalities like Lake Placid put a ban in place, studying from the expertise

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