Topic: [2016-03-19] How Washington State Became a Battleground for Bitcoin Mining (Read 393 times)
March 19, 2016, 09:27:31 PM
Crazy, I am in the Seattle area and had no idea there were bitcoin farms in Chelan county. I also had no idea that electricity was cheap ANYWHERE in WA, now I know. I hope that the city government does not force them out by price, as you said above - would be great to have some bitcoin mines on US soil.
March 19, 2016, 04:29:54 PM
Well, I hope the meetings will come to a decision soon... We need some big mining farms on US soil, to counter mining centralization in China. I am not very optimistic that this
will be resolved soon. The state need to realize that Bitcoin mining could become a new Tax resource for them, and also a opportunity to generate job opportunities from the
secondary business surrounding it.
will be resolved soon. The state need to realize that Bitcoin mining could become a new Tax resource for them, and also a opportunity to generate job opportunities from the
secondary business surrounding it.
March 19, 2016, 01:01:07 PM
How Washington State Became a Battleground for Bitcoin Mining
Washington state is home to some of the cheapest power sources in the US, a circumstance that, in recent years, has drawn more than a few entrepreneurs hoping to establish profitable bitcoin mines. Given that bitcoin mines thrive on cheap electricity – some have compared the business model to a power arbitrage – it’s natural that some would gravitate to a region that boasts significant hydroelectric power capacity.
http://www.coindesk.com/bitcoin-miners-public-utility-spar-over-electrical-costs/
Washington state is home to some of the cheapest power sources in the US, a circumstance that, in recent years, has drawn more than a few entrepreneurs hoping to establish profitable bitcoin mines. Given that bitcoin mines thrive on cheap electricity – some have compared the business model to a power arbitrage – it’s natural that some would gravitate to a region that boasts significant hydroelectric power capacity.
http://www.coindesk.com/bitcoin-miners-public-utility-spar-over-electrical-costs/
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