I am surprised it took this long, but here's news on Bitcoin mining costs: Want to Mine Bitcoin in New York? You'll Have to Pay a Premium.
The New York Public Service Commission on Thursday cleared the New York Municipal Power Agency to raise electricity bills for cryptominers seeking to take advantage of the state's low-cost hydroelectric power. The agency is made up of 36 municipal power authorities in the state. In some cases, the miners -- which require huge amounts of electricity for data processing -- accounted for a third of a municipal utility's demand, the commission said.
"If we hadn't acted, existing residential and commercial customers in upstate communities served by a municipal power authority would see sharp increases in their utility bills," Commission Chair John Rhodes said in a statement