Bitcoin Miners in Washington State Face Higher Power Tarrifs

Bitcoin Miners in Washington State Face Higher Power Tarrifs

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

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 operations scale or exceed 250-kilowatt hours of power per square foot, per year, while not exceeding 5 megawatts of power at any given time.

Furthermore, HDL customers are required to pay all the capital costs that the PUD incurs for high-capacity infrastructure that delivers power to the customer’s location, upfront.

The county’s PUD made the announcement this week, specifically stating that the rate applies to energy-intensive operations such as “power farms and similar technology operations including bitcoin mining.”

The rates were approved following an 18-month public discussion between PUD commissioners and the public, including bitcoin mining business owners.

Bitcoin Miners Absent During Voting

PUD started to notice a sharp surge in inquiries for power consumption after cryptocurrency miners targeted the region due

Read more ... source: TheBitcoinNews

News from Darknet


Read previous post:
SoakSoak Botnet Spreads Ransomware Through WordPress Revslider Plugin

The ransomware threat is far from over, even though security researchers are scoring small victories left and right. A new...