Kentucky to scrutinize contracts providing cheaper electrical energy to miners
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So Kentucky basically wants their cut!
Good. We shouldn’t be giving subsidies and discounts to miners. Let the free market decide.
Find a new subdivision and park your jobsite trailer mining rig.
tldr; The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations. The commission would be looking to determine whether subsidizing crypto mining operations will raise electricity costs for Kentucky residents. Kentucky has become a hotspot for crypto mining companies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Noted.