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Bob Wyman /
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2023-06-12 22:27:18

Bob Wyman on Nostr: A new paper demonstrates that "small businesses and households paid an extra $92 ...

A new paper demonstrates that "small businesses and households paid an extra $92 million and $204 million annually in Upstate NY because of increased electricity consumption from cryptominers."

See: Benetton, M., Compiani, G., Morse, A.: *When Cryptomining Comes To Town: High Electricity-use Spillovers to Local Economy.* Becker Friedman Institute (2023) https://bfi.uchicago.edu/wp-content/uploads/2023/06/BFI_WP_2023-78.pdf

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