Washington Archives -
The government is shelling out more dough this year on the National Mall 4th of July Celebration when it comes to fireworks … $ 30k more, but it’s unclear if it’s getting a bigger bang for its buck. We got ahold of the National Park Service’s…
The family of the Washington State football player who died of suicide in January said the 21-year-old quarterback had extensive brain damage that’s been linked to concussions from playing the sport, the AP reports. Tyler Hilinski was found dead in his apartment with a gunshot wound and a suicide note…
Washington Capitals head coach Barry Trotz has RESIGNED — less than 2 weeks after he led his team to a Stanley Cup trophy. The 55-year-old made the shocking announcement moments ago, saying, “After careful consideration and consultation with…
The Washington Capitals have won their first Stanley Cup. Alex Ovechkin scored midway through the game and Lars Eller had a go-ahead goal with 6:37 left in the third period, lifting the Capitals to a 4-3 victory over the first-year Vegas Golden Knights in Game 5 on Thursday night….
A utility provider in Washington has ramped up security measures in anticipation of backlash in response to a moratorium recently placed on cryptocurrency miners by the company. Despite the measures, the company has not experienced a single incident requiring police assistance.
Washington Utility Fears Backlash From Disconnected Crypto Miners
Chelan County Power Utility District (PUD) of north-central Washington has enacted heightened security measures including “bulletproof panels and security cameras at PUD headquarters” according to local media.
Reports are attributing the increased security precautions to concerns of retaliation from “two cryptocurrency-related groups — unauthorized miners whose power has been disconnected and high-density load service applicants denied because of the current moratorium.”
In March, Chelan County PUD’s commissioners launched “an emergency moratorium on new high-density load hookups to give staff time to develop a plan for dealing with the demand for electricity from digital currency miners.”
Emotions “Running High”
Chelan County PUD spokeswoman, Kimberlee Craig, has stated that “PUD employees in the field and those in the office who are handling issues related to high-density load service have encountered an increasing number of upset customers and potential customers. In some cases, people can get agitated and argumentative. Our goal always is to provide excellent customer service, as well as to keep customers, the public and employees safe, especially when emotions may be running high.”
Despite the increased security measures, Mrs. Craig indicated that none of the incidents have escalated to the point of requiring assistance from law enforcement. “The volume of requests and the sense of urgency by applicants has changed the dynamics of the interaction by staff with the cryptocurrency customers,” she added.
Unauthorized Mining Operations Proliferate Despite Moratorium
Chelan County PUD has indicated that when the moratorium was called, it had “22 approved high-density load customers using a total of about 13.5 megawatts; 19 pending applications for 16.3 megawatts; and had identified 28 unauthorized operations, with a watchlist of 12 and growing. Of the 28, 19 were shut down.”
Since taking action, the PUD’s staff has reportedly identified “three more unauthorized operations each week.” The company has expressed concerns about “unauthorized bitcoin operators overloading the system, creating fire hazards and damaging power grid infrastructure.”
Amnesty Period for Unauthorized Mining Operations
During April, the company brought forward a number of measures designed to curb the power consumed by miners, including facilitating the immediate disconnection power, and the introduction of fees — up to $ 6,150 for in-home cryptocurrency operations and $ 11,400 for those in commercial or light industrial space — for those who violate the company’s policy.
The measures have included “an amnesty period for unauthorized Bitcoin miners not yet identified by the PUD,” during which unauthorized miners must shut down immediately and notify the PUD in order to qualify for amnesty. The amnesty period will be in place until May 14 – at which point commissioners conduct a public hearing regarding whether the company should continue to maintain the moratorium.
Do you think that Chelan County PUD’s heightened security measures are an over reaction? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, chelanpud.org
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Buying cryptocurrency has just become easier for all residents of the US capital, as the American bitcoin ATM network, Coinsource, has now expanded into the Washington DC metropolitan area. With this latest installment, the company now boasts of operating almost 200 machines across the US.
Also Read: Malta Attracts Cryptocurrency Exchange Okex
Coinsource, Texas-based bitcoin ATM network, has announced its first entry into the American capital. The company will install twenty machines across the District of Columbia and Maryland, saying it received significant demand from local users and merchants. The machines will be spread in convenient locations across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.
Before this development, the city already had about five machines being serviced by five different operators. Additionally, several local restaurants, bookshops, and record shops have been accepting bitcoin as payment since last year.
“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said CEO of Coinsource Sheffield Clark. “All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”
The DC installation caps off a quarter of growth for the company after launching 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight new machines in Denver, Colorado earlier this month. Coinsource currently has 182 machines across 18 American states, plus the District of Columbia.
CMO of Coinsource, Bobby Sharp, said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration. This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”
Which American politicians are going to be among the customers of these ATMs? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC appeared first on Bitcoin News.
For the first time, the US government has publicly acknowledged the existence in Washington of what appear to be rogue devices that foreign spies and criminals could be using to track individual cellphones and intercept calls and messages. The use of what are known as cellphone-site simulators by foreign powers…
Former RNC Chairman Michael Steele says he sees right through President Trump’s beef with Jeff Bezos … and says it ain’t about Amazon, it’s just politics and the newspaper Bezos owns. We got the conservative pundit Tuesday in…
Amazon.com Inc. cut ties with Washington’s biggest lobbying firm and brought on new advisors following passage of the tax overhaul bill last year and in the face of new challenges in the age of President Trump.
The shake-up occurred March 23, six days before Trump briefly sent Amazon’s stock tumbling…