Bitcoin Miners in Washington to Pay More for Electricity

Bitcoin mining operations in Chelan county, Washington after the Public Utility District decided to increase electricity costs for High Density Load users. Read more…
Bitcoin miners in Chelan County, Washington will now have to shell out more for the electricity following Public Utility District’s decision to increase energy tariff from next year.
The increased energy rates are not just applicable to Bitcoin mining centers but to other energy intensive operations including regular data centers and server farms. According to reports, the public discussion and negotiations regarding the new electricity rates extended for over 18 months before reaching this point. Bitcoin business owners in the region took part in these negotiations as any increase in the energy costs may significantly affect their profitability. The effects will be further compounded by the recent halving of Bitcoin rewards and stagnant Bitcoin price.

This post was published at NewsBTC on 1:15 pm July 21, 201.