In the state of New York, where various initiatives are being undertaken in the field of mining, since the authorities approved the loan of 15,000 kW of Preservation Energy to the Coinmint company to inaugurate a cryptocurrency mining complex.

The New York Energy Authority has approved a seven-year contract for the installation of a 15-kilowatt hydropower plant to benefit the North Country Data Center Corp subsidiary of Coinmint, an investment fund that already operates mining equipment in the nearby city of Plattsburgh , a city of approximately 20,000 inhabitants located in the north of the state. Now, they will expand their services by installing a new complex in the city of Massena, which will work with the hydroelectric surplus of the State Energy Authority.

The administrators received the request to approve the provision of 15,000 kilowatts (kW) of electric power for seven years for North Country Data Center Corp (NCDC), which proposes to establish a blockchain business infrastructure in Alcoa East's abandoned facilities, located at the City of Massena of St. Lawrence County.

During this year 75 people will be employed full time, and in 2019 75 more, among technicians, electricians, installers, mining equipment operators and computer specialists. The average annual salary amounts to $ 46,000, a standard salary but attractive if you take into account that according to a report published by Glassdoor, which states that for 2017 the average annual salary of Americans was around $ 51,272, and that of the inhabitants of New York, 60,346 dollars.

The main reason why this company seeks to venture into the cryptocurrency mining sector in New York is that in the area are charged low amounts for electric service. further

The cold climate and the low cost of electricity is the main attraction for investors who are installing mining equipment around the world. The city of Plattsburgh is really located near Canada, so you can guess that it has a really cold climate.

Recently it became known that a company established in Georgia is taking advantage of the hydroelectric power of the Caucasus Mountains to operate, as well as others moving to the Swiss Alps due to the same advantages.