Washington State Crypto Miners Face Increased Electricity Cost
Cryptovest
Published Nov 19, 2018 01:08PM ET
Updated Nov 19, 2018 02:21PM ET
Washington State Crypto Miners Face Increased Electricity Cost
Chelan County is considering increasing the price of electricity for cryptocurrency miners. Under the proposed changes, the cost of demand spikes due to cryptocurrency mining will be paid by the miners themselves.
According to Central Washington radio station KPQ , the Public Utility District (PUD) of the rural Washington state community recommended a new rate structure for cryptocurrency activities in an attempt to address increased electricity demand within the county.
“This rate structure is built the same way as the existing rate structure that cryptocurrency miners are paying right now,” Lindsey Mohns, Customer Utilities Rate Adviser, told the radio station. “What this new rate structure does is bring into it a market consideration on the energy price because we will have to purchase power on the market to serve the variable load associated with cryptocurrency.&rd...
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