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Kentucky utility regulators move to protect Kentucky Power customers from footing bill for cryptomining company
EARTHJUSTICE The Kentucky Public Service Commission issued a decision Friday that aims to help prevent Kentucky Power customers from footing the bill for discounted power rates granted for a 7 MW cryptomining facility in Pike County (Hatfield), known as the Rockhouse facility. The PSC approved a special contract for the facility with over $2.5 million…
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Will crypto-mining companies coming to Kentucky raise your electric bills?
BY JOSH BILLS A Chinese crypto-mining company is proposing to build a $250 million plant near the town of Louisa. At the same time, another crypto-mining firm is proposing a plant near Waverly, Kentucky. Kentucky Power and Kentucky Utilities propose to give them special rates on their electric bills – deals that the Kentucky Public…
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Cryptocurrency: Don’t blame the medium for the scam
BY THOMAS L. KNAPP As cryptocurrency exchange FTX falls into bankruptcy and its principals seem likely to face various criminal charges over the activities leading to that bankruptcy, it’s time for another round of crowing from opponents (and would-be regulators) of cryptocurrency. Which means it’s time for another round of pointing out where those opponents…
Tag: Cryptocurrency
