Crypto operations are hiking power bills for New Yorkers — and Assemblymember Anna Kelles wants to make them pay up, according to Spectrum News.
Kelles is backing a bill to slap an excise tax on certain cryptomining operations, arguing residents and small businesses are unfairly subsidizing the industry. Some miners pay as little as 5 cents per kilowatt-hour, while households pay five times more.
The proposed tax wouldn’t touch off-grid facilities like Greenidge Generation, but Kelles claims even that plant has stopped supplying power to the grid, despite its agreement saying otherwise.
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