Plattsburgh went over its power allotment and was forced to purchase electricity on the open market for far higher prices. This cost was distributed among the city’s residents, some of whom ended up paying between $100 and $200 more for their electricity than usual.
https://www.vice.com/en/article/8xk4qv/bitcoin-ban-plattsbur...
Massena (near the Alcoa facility) this year issued a moratorium so the city could draw up new regulations:
“The moratorium is a pretty straightforward procedure. The language is relatively clear. The idea is that we place a moratorium on any further cryptocurrency mining development while we get some regulations in place that will govern those types of facilities. The planning board had indicated, and I agreed that the code lacked any real regulatory scheme for these types of facilities within the town,” Mr. Gustafson said.
https://www.nny360.com/communitynews/business/town-of-massen...
https://www.northcountrynow.com/letters/snake-oil-alert-bloc...
https://www.northcountrynow.com/news/massena-town-board-plan...
The other aspect to consider, which is being dropped, is Coinmint operates with support from NYS via Empire State Development, so there's that.
You can't just suddenly push more power through the same lines.
> at the cost of transmission losses and tolling
... a key point that I feel you're glossing over.
Transmission losses are not nothing but they are not huge. Maybe 2% to New York (it isn’t they far). Maybe 5% total if you include distribution.
Edit: Follow the lines out of the plant, at 44.978432, -74.797925 they split.
You might need to separate the lines more (and need bigger insulators), but I wonder how much of this gets overbuilt at the point of construction so you can upgrade to run more energy over the same wires without replacing them.
Anyone know?
https://www.nny360.com/news/stlawrencecounty/power-authority...
All of these are about as apples to oranges in relation to geographic ties to Massena as you can get.
Between Massena and those places is a whole lot of nothing for a couple hours.
That's like saying there is some meaningful geographic tie between Bethlehem, PA and NYC (133km), or that "Unity House, PA" is not remote because it's 143km away from NYC and its 8.4mil residents.
This seemed unlikely to me, as transmission grids are built with significant redundancy, especially for the high-voltage networks. For example, the transmission capacity for the 8 500kV circuits from Bruce Nuclear (ignoring 3 230kV circuits) is 1.5 times the generating capacity. I wasn't sure about this particular station, but with a bit of digging, it seems like the Massena-Adirondack lines alone (there are several others) can carry 900MW, which is more than the capacity of the power station. So no additional lines should be needed.
Plus, if you really wanted to because there was no other use, you could, you know, shut down the hydro power plant and return the land to nature. Hydro power plants still have an environmental impact, no point in running them for what is practically, speculation.
Shutting down the dam isn't going to happen. It is split by Canada and the US and does more than just power Coinmint.
Coinmint in upstate new york is located in an old Alcoa aluminum smelter plant that has long shut down. It gets power from Moses Saunders dam a few miles away. The factory was originally placed near the dam so that it could provide massive amounts of power to keep the pot lines hot 24/7.
The whole place is super remote. I've seen the costs for carrying hundreds of MW just a few miles and they are massive at this scale. You can't just economically build more lines to send the power elsewhere.
Short of firing up the superfund site again and smelting aluminum, a bitcoin mine is literally the most profitable thing you could use this power for. The dam needs maintenance and a constant draw of power to keep it operational, and this pays for it.
Since the power lines are direct from the dam to the plant and the contracts were all drawn up decades ago, this has zero impact on the local community prices. Never mind that the local community doesn't draw anywhere near enough power compared with what the dam produces.