Posts Tagged ‘data mining’
‘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 MoreGrant 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 MoreChelan 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 MoreUtilities Cracking Down On Unauthorized Bitcoin Mining In Chelan-Douglas Counties
From moratoriums on new businesses to the dangers of unauthorized mining in the two county region. The future of bitcoin mining is yet to be decided. Marcus Bellissimo reports.
Read MoreWhat’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…
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