PBS NewsHour

Cheap power drew bitcoin miners to this small city

Clip: 06/07/2018 | 9m 7s

Plattsburgh, New York, doesn't look like ground zero for a gold rush. But cryptocurrency prospectors have installed thousands of energy-gobbling mining machines while taking advantage of dirt-cheap electric rates. And the invasion has some locals up in arms, while offering opportunity for others. Economics correspondent Paul Solman reports on the impacts of bitcoin mining.

Aired: 06/07/18

Rating: NR

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