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 Chelan County Public Utility District (PUD), is concerned about bitcoin miners taking too much power. The PUD is also reluctant to want to attract too many miners since bitcoin’s volatility doesn’t ensure the miners will be steady customers.
The PUD recently proposed to nearly double the rates for Dedicated Hosting Services in Entiat, Wash., which leases space to bitcoin miners. The company operates out of a former machine tool shop.
Jared Richardson, a partner at Dedicated Hosting Services, said the rate increase is discriminatory and would “wipe out our business in the area.”
The rate hike would impact nearly dozen bitcoin server farms in Chelan County.
John Stoll, managing