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Economic and dam related articles

Washington Utility Increases
Power Rates for Bitcoin Mining

by Staff
Lewiston Tribune, September 2, 2018

Terrence Thurber says he plans to double his cryptocurrency mine's electricity use within the next year, to draw 6 megawatts every hour. (Christine Dong) EPHRATA, Wash. -- A utility in central Washington has increased electricity rates for cryptocurrency miners.

The Capital Press reported that Grant County Public Utility District commissioners adopted a new rate for so-called mining operations. Those firms use stacks of computer servers and a lot of electricity to produce Bitcoin or other cryptocurrencies that exist electronically.

Commissioner Tom Flint told some miners Tuesday that their industry is risky and unregulated and he wanted to make sure other ratepayers were protected.

Miners have flocked to the region because of its cheap hydroelectric power. Since last summer, the utility has gotten inquiries from those wanting to access to a lot of power.

Chelan County PUD currently has moratorium on power applications from cryptocurrency miners as it considers a proposed rate for the industry.

Related Pages:
Bitcoin Miners Are Flocking to Oregon for Cheap Electricity. Should We Give Them a Boost? by Katie Shepherd, Willamette Week, 2/21/18
This Is What Happens When Bitcoin Miners Take Over Your Town by Paul Roberts, Politico, 4/18
Bitcoins and Hydropower: What's the Big Deal? by Elizabeth Ingram, HydroWorld, 1/17/18

Washington Utility Increases Power Rates for Bitcoin Mining
Lewiston Tribune, September 2, 2018

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