Posts Tagged ‘cryptocurrency’

Chelan PUD Board Approves New Cryptocurrency Rate, Effective April 1

The Chelan PUD has lifted its moratorium on cryptocurrency businesses, after they arrived at a new rate schedule for emerging industry. Marcus Bellissimo reports Chelan County PUD commissioners Monday approved a new rate for cryptocurrency, blockchain and similar operations. It goes into effect April 1, 2019, the same day the District will accept new cryptocurrency…

Read More

‘Trying To Make Lemonade,’ Chelan PUD Board Hears Preliminary Cryptocurrency Rates

The Chelan PUD continues studying large-load data miners coming to the county. At Monday’s PUD board meeting, commissioners received an update on transmission and distribution challenges related to requests for power to serve large loads and a recommendation about possible cryptocurrency rates. PUD General Manager Steve Wright said volatility in cryptocurrency markets has lead to…

Read More

Grant PUD Creates New ‘Evolving Industry’ Rate Class To Address Deluge Of Cryptocurrency Miners

An influx of cryptocurrency firms looking to establish a foothold in North Central Washington has local utilities re-examining their commercial pay rates. Grant County PUD commissioners unanimously agreed last week to create a new customer rate class for cryptocurrency miners. Commissioners said core customers – residential, irrigation and commercial – continue to be first in…

Read More

Chelan PUD Extends Halt On Applications For Cryptocurrency Miners

The Chelan County PUD’s pause on new cryptocurrency businesses looking to locate in the county will remain in place at least through August. PUD staff reviewed steps taken since the board imposed the application moratorium for cryptocurrency mining and similar data operations in March and presented them to the board of commissioners Monday. More than…

Read More

East Wenatchee Joins Area Cities Passing Blockchain, Bitcoin Zoning Ordinance

The cities of Leavenworth and East Wenatchee are the latest to pass zoning ordinances for bitcoin operators and other blockchain companies. North Central Washington has become a hot-spot for such crytopcurrency miners, largely thanks to cheap hydropower. As both the Chelan and Douglas PUDs assess the increasing number of applications from such businesses to locate…

Read More

Chelan PUD Halts Cryptocurrency Applications, Says County Electric Grid At Risk

The Chelan County PUD has stopped taking or processing applications for electric service for cryptocurrency mining. PUD board members unanimously imposed the application moratorium after reviewing impacts on utility operations from existing loads and applications for service. General Manager Steve Wright said impacts from cryptocurrency mining applications are hampering responses to the District’s overall planned…

Read More

NCW Bitcoiners Getting National Attention As CNBC Comes To Town

Salcido Enterprises is hosting a CNBC news crew today and tomorrow. The crew will be in the Wenatchee Valley to interview Malachi Salcido and tour Salcido Enterprise facilities as part of a story focused on highlighting efforts toward developing blockchain infrastructure and technology. Other notable interviews scheduled include Steve Wright of the Chelan County PUD and…

Read More

What’s The Future Of Bitcoin In North Central Washington?

Bitcoins went on a meteoric rise in 2017, partly thanks to server operators using cheap electricity from public utility districts for their cryptocurrency data mining. The Chelan County PUD has reported a recent surge in inquires about new large load power services from bitcoin and blockchain operations. John Stoll, Managing Director of Customer Utilities, said…

Read More