Tagwashington

Chelan County PUD Proposes New Power Rates, Crypto Miners Fight Back

In its effort to pass down the constantly increasing cost of power demand, Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity rate for cryptocurrency region in the county. As reported by local radio station KPQ, the new rate is contentious as miners believe the new structure is unfair to their businesses, while also feeling that the county officials did not...

Washington Power Utility Faces ‘Agitated’ Crypto Miners, Ramps Up Security

Crypto miners Chelan

Washington’s Chelan County public utility district (PUD) is beefing up its security citing employee safety concerns due to what it describes as “belligerent behavior” from cryptocurrency miners. As reported previously, Chelan County public utility placed a moratorium on bitcoin mining after a major influx of new crypto miners seeking to take advantage of the region’s cheap and abundant hydro...

'Scoundrels': Washington County Fires Back at Unauthorized Bitcoin Miners

If you're in Washington's Chelan County, you might want to think twice about attempting to mine bitcoin off the radar. At their latest meeting, the county's public utility district (PUD) moved to enforce a moratorium that was placed on new mining applications last month and take whatever steps necessary -- including fees and criminal charges -- against what officials characterized as "scoundrels"...

Bitcoin Miners Flock to the 'Buckle of the Power Belt'

Wenatchee, Wash., which a local daily dubbed the 'Buckle of the Power Belt' for its vast hydropower potential back in the 1920s, is drawing in bitcoin miners these days. The state's Columbia River- fueled dams are famous for their hydroelectric power, which produces cheap energy rates and which is an attractive feature for people interested in the electricity-intensive process of creating more...

Congressional Blockchain Caucus Launches in Washington

The bipartisan Congressional Blockchain Caucus, a collaborative effort aiming for a sound regulatory approach toward decentralized technologies including digital currencies, was launched in Washington yesterday. Rep. Jared Polis (D-Colo.) and David Schweikert (R-Ariz.) announced the launch, with the latter replacing Rep. Mick Mulvaney (R-Sc) who is President Trump’s pick to head the Office of...

Washington Proposes Confusing Bitcoin Amendment to Legal Marijuana

It’s a well-established trope in the mainstream financial press and even in much of the modern consciousness that Bitcoin is merely the Cayman Islands of currencies. Criminals use it to hide their money (same as they do cash, but with more efficiency) from the government. While Bitcoin is nearly impossible to actually eradicate itself, the fear of government intervention to prevent merchants from...

Bitcoin Miners in Washington State Face Higher Power Tarrifs

Bitcoin miner power blockchain

Bitcoin miners in Chelan County, Washington, will have to pay more for electricity due to the approval of a new electric rate for customers with energy intends loads. Public Utility District (PUD) commissioners in Chelan County, Washington have approved a new electricity tariff for customers with an appetite for high energy. The new “high-density load (HDL)” rate applies for customers whose...

Cheap Energy Draws Bitcoin Miners To Northwest, Bringing Discriminatory Rate Hike Controversy

Low electricity rates in Washington and Oregon have attracted bitcoin miners. But the influx has also courted some controversy after one utility along the Columbia River proposed raising rates specifically on the bitcoiners, according to Northwest News Network, a collaboration of public radio stations. Washington and Oregon have low electric rates on account of hydropower dams. The utility, the...

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