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News Link • Bitcoin

Bitcoin Miners Flock to the 'Buckle of the Power Belt'

• https://www.ccn.com, Gerelyn Terzo

The state's Columbia River- fueled dams are famous for their hydroelectric power, which produces cheap energy rates and which is an attractive feature for people interested in the electricity-intensive process of creating more digital coins. Wenatchee is also home to Dell, Yahoo and Microsoft data-storage facilities, and the cryptocurrency boom is the latest to grip the region.

A bitcoin mining operation typically runs 24/7, which requires intense cooling systems to prevent the servers from overheating, all of which commands enormous amounts of power. In Wenatchee, bitcoin miners fetch rates as low as $0.02 to $0.03 per kw hour. The city also has a robust internet network and chilly nights that support the server-cooling process.

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