Doug Hamlin

1828 days ago

But it’s not simply the scale of requests that is perplexing utility staff. Many would-be miners have no understanding of how large power purchases work. In one case this winter, miners from China landed their private jet at the local airport, drove a rental car to the visitor center at the Rocky Reach Dam, just north of Wenatchee, and, according to Chelan County PUD officials, politely asked to see the “dam master because we want to buy some electricity.”

Bitcoin backlash as ‘miners’ suck up electricity, stress power grids in Central Washington

Bargain electric rates are attracting digital currency entrepreneurs, but three public utilities districts are reassessing how they deal with the surging demand, and whether they should even try to keep up. Residential customers, meanwhile, worry that their rates will go up.