Cryptocurrency mining puts electrical grid of small Washington state county ‘to the test’

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’