Wednesday, February 07, 2018 8:45:07 PM
"Not surprisingly, these rigs are commonly set up in Iceland and China, where electricity is cheap and plentiful. After all, when everyone is using the same rigs to mine digital currencies, a competitive advantage can only be derived by finding the cheapest power source
As it turns out, electricity happens to be cheap and plentiful in Rochester, New York, where Kodak is headquartered. The electricity is cheap for Kodak specifically, because the company has a power plant on-site that, according to the BBC, can "power each [mining] rig for four cents per kilowatt hour, which is significantly cheaper than running a rig at home." For perspective, the average cost of residential power in the United States is approximately $0.12 per kilowatt hour."
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