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Mining
US county increase electricity rate for miners
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[QUOTE="Yugocean, post: 252438, member: 25081"] [JUSTIFY] Gary Arsenault, the commissioner of the Chelan County Public Utility District (PUD) (in Washington State, USA), has adopted a bill that will charge bitcoin miners 29 percent more than the average electricity rate. [URL='https://twitter.com/hashlistsUK/status/1535490639852212224?t=0s2RG-U9EGDbkquGUTjmVQ&s=19'][ATTACH type="full"]54161[/ATTACH][/URL] [B]Appreciation[/B] Although the commissioner has been chastised by the bitcoin mining community, yet people thinks that the higher rates are reasonable because bitcoin mining firms utilise more electricity than any other consumers, and do not establish renewable venergy mining. This price rise was supposed to take effect in January, but because the vote was held in June, the new prices will take effect on June 1st. [B]Leniency[/B] Older mining companies can afford the higher rates, but newer companies can no longer afford them after making significant investments in mining infrastructure. So, prices would be gradually increased to give new businesses time to establish themselves. Douglas County, near Chelan, on the other hand, has barred new mining companies from relocating there due to the county's high electricity consumption.[/JUSTIFY] [/QUOTE]
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