Mechanicville Plant Suggests Mining Bitcoin is Profitable than Supplying Electricity

The Mechanicville NY plant operated by Albany Engineering Corp. has shifted to mining Bitcoin, saying that it brings more profit than selling electricity.  The company's operation started in 1897 as a hydroelectric plant, and it now plans to use some of its energy for Bitcoin mining. According to its CEO, Jim Besha, they expect that the new venture will earn them more money than providing electrical power to Nationwide Grid. Bitcoin Mining and Electricity  Bitcoin mining is an energy-intensive activity…