Bitcoin Miners in Washington State Face Higher Power Tarrifs

Bitcoin Miners in Washington State Face Higher Power Tarrifs

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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


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