The cryptocurrency craze is helping many people rake in money, but it is also putting pressure on the electrical infrastructure of a small county in Washington state.
“Our infrastructure is actually being put to the test. We’re full,” Ron Cridlebaugh, the Port of Douglas County economic development manager, told CNBC’s Michelle Caruso-Cabreraon Thursday.
Electricity in Washington state is considerably cheaper than in most places in the U.S. The average electricity price per kilowatt in the state is 4 cents. The national average is 7 cents.
Cryptocurrencies such as bitcoin and ripple have skyrocketed in value recently. Last year, those digital currencies surged 1,500 percent and 35,000 percent, respectively…
Read Full: Cryptocurrency mining puts electrical grid of small Washington state county ‘to the test’