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After backup Washington State quarterback Tyler Hilinski missed practice, police went to his Pullman apartment Tuesday to do a welfare check. They emerged with grim news: The 21-year-old was found dead of a gunshot wound to the head, and USA Today reports a suicide note was found at the scene….
Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency?
Mining Boom in A Small Town
Wenatchee is home to a dozen of the largest bitcoin miners, becoming something of an epicentre. It appears a steady stream of investors are discovering the town as an optimum place to mine. Steve Wright, the head of the local power utility, says that another 75 have inquired about coming to the town:
We’ve come from just a few people out there who have been knocking on the door to all of a sudden to people who are banging on the door pretty loudly.
Bitcoin mining is known to be energy-consuming. But miners here appear not to have this problem. Power is extremely cheap for the town— only 2 to 3 cents per kilowatt hour.
An early miner in the town, Malachi Salcido, owns three data centers in the area capable of generating 5 to 7 BTC per day. Salcido uses 7.5 megawatts of power and wants to produce 50 BTC per day by July, which would require a whopping 42 megawatts of power. The town of Wenatchee is key in his plans.
Abundant Power to Offer
Power is cheap here due to abundant hydroelectric power through a series of dams on the Columbia River.
Another reason why Wenatchee is a favorite mining town is that it boasts cooler seasons to help keep the servers at the right temperature. The small town also has exceptional internet access. Steve Wright, however, is concerned that speculators might rush into the town to take advantage of everything it offers:
What we don’t want is people who come here to make a quick buck off of our low-cost electricity and then leave town and leave us, and leave the people of this community holding the bag.
What do you think of the mining boom? Will the small town attract more crypto investors? Leave your comments below.
Images via Shutterstock, CNBC.com
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The post Small Washington Town is Becoming a Bitcoin Mining Epicenter appeared first on Bitcoin News.
Washington state is suing Motel 6 for selling out its guests, accusing the budget motel chain of voluntarily giving ICE officials daily lists with guests’ driver’s license numbers, DOBs, and room numbers, reports KIRO 7 . “The scale of what Motel 6 was doing is deeply disturbing to me,” says state…
Motel 6 routinely gave guests’ information to immigration officials, Washington attorney general saysJanuary 4, 2018 | dailybusinessnews
Washington’s state attorney general sued Motel 6 on Wednesday, accusing the hotel chain of illegally giving information on thousands of guests to immigration enforcement officials who did not have warrants and who scrutinized guests with Latino-sounding names.
Motel 6 has faced scrutiny since September,…
An apparent robocall claiming to seek dirt on embattled Republican Senate candidate Roy Moore might actually be an attack against the newspaper that aired his dirty laundry. WKRG reports a pastor in Alabama received a voicemail Tuesday from a man claiming to be a Washington Post reporter looking for women…
Rick Santorum says Hollywood turned a blind eye to sexual misconduct for decades, and that it’s no better than D.C. … even if it likes to pretend it is today. We got the former U.S. Senator Sunday where we asked about the torrent of sexual…
A historic Virginia church is relocating two plaques in its sanctuary honoring George Washington and Confederate Gen. Robert E. Lee, who worshipped there.
The large building at the corner of 22nd and R streets in downtown Washington, DC, sticks out like a wart in the otherwise upscale neighborhood. Plywood covers the windows and sleeping bags and empty bottles litter the shuttered doorways. For a solid decade, neighbors and local political leaders complained bitterly…
A high-stakes game of cat and mouse between Beijing and an exiled Chinese businessman spilled over into Washington this week.
WSJ.com: What’s News Asia
More than 1,000 fans of the band Insane Clown Posse rallied Saturday to protest the FBI’s classification of them as a gang, the AP reports. The band’s fans, known as Juggalos, gathered in front of the Lincoln Memorial in a show of strength and unity. ICP is suing the…