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by Jen Fifield
4/6/2018
Excerpt:
Things have been kind of crazy in Massena, New York, since the bitcoin miners came to town. So crazy that Steve O’Shaughnessy, the new town supervisor, says he hasn’t unpacked his office since he started his job in January.
O’Shaughnessy says it’s a good thing, though. In the past decade, his town of about 13,000 on the St. Lawrence River has lost much of its main industry — as a powertrain plant closed and an aluminum manufacturing plant downsized. But now, one and possibly two bitcoin mining companies are moving in, and they have promised to create dozens of jobs.
Across the United States, bitcoin miners — who set up computers to solve complex math programs and unlock new bitcoin — are rushing to small towns and wide-open states with cheap rent, land or electricity. Many places are shunning the bitcoin mining companies, saying they suck up too much electricity without producing jobs. But places such as Massena are putting out the welcome mat — not just for bitcoin miners, but for any and all “cryptocurrency” industries.
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View the complete article including image and links at:
http://www.pewtrusts.org/en/research...hun-its-miners
by Jen Fifield
4/6/2018
Excerpt:
Things have been kind of crazy in Massena, New York, since the bitcoin miners came to town. So crazy that Steve O’Shaughnessy, the new town supervisor, says he hasn’t unpacked his office since he started his job in January.
O’Shaughnessy says it’s a good thing, though. In the past decade, his town of about 13,000 on the St. Lawrence River has lost much of its main industry — as a powertrain plant closed and an aluminum manufacturing plant downsized. But now, one and possibly two bitcoin mining companies are moving in, and they have promised to create dozens of jobs.
Across the United States, bitcoin miners — who set up computers to solve complex math programs and unlock new bitcoin — are rushing to small towns and wide-open states with cheap rent, land or electricity. Many places are shunning the bitcoin mining companies, saying they suck up too much electricity without producing jobs. But places such as Massena are putting out the welcome mat — not just for bitcoin miners, but for any and all “cryptocurrency” industries.
................................................
View the complete article including image and links at:
http://www.pewtrusts.org/en/research...hun-its-miners