With the cryptocurrency’s recent price gains, bitcoin mining has become more attractive, according to John Stoll, managing director of customer utilities at Chelan Public Utility District (PUD).
As reported by OPB News, higher numbers of cryptocurrency entrepreneurs are now requesting the lowest possible electricity rates in parts of the state, including Grant County, Chelan County and Washington public utility districts. Cheap electricity is required by bitcoin miners to power their power-hungry specialized computer processors in order to make an enterprise profitable.
Stoll told the PUD board of commissioners earlier this week that his department had received more than 20 “serious” calls in the last two weeks. “Our challenge is capacity,” he said at the time.
“We’re using up our freeboard in our system as we see load growth, whether it be cryptocurrency or even what we’re seeing with tourism, housing, apartments and things of that nature.”