admin@moneyyes.info      +

Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners

Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners
By: cointelegraph.com Posted On: November 18, 2018 View: 6

Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners

Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity pricing structure for cryptocurrency miners meant to pass down the cost of increased electricity demand, Central Washington radio station KPQ reported Nov. 14.

The article cites Lindsey Mohns, the Customer Utilities Rate Adviser, explaining the difference between the current and proposed electricity pricing systems, noting that the rate structure is “built the same was as the existing rate structure that cryptocurrency miners are paying right now”:

“What this new rate structure (Schedule 36) does is brings into it a market consideration on the energy price because we will have to purchase power on the market to serve the variable load associated with cryptocurrency.”

The Public Information Officer of Chelan PUD, Kimberlee Craig, explained that the district “is addressing (the rate structure) in a way that captures the cost and protects the investment for the customers that are already here and invested greatly in our system.”

According to KPQ, by “investments” Craig was referring to PUD’s fixed expenses, including covering the “the accelerated cost of infrastructure investment in our system.”

On Nov. 7, when the Chelan DUP unveiled the proposed new pricing system, “many members of the cryptocurrency community expressed their displeasure at the proposed increased costs,” according to KQP.

In April, the Chelan PUD reported that it had caught unauthorized cryptocurrency miners and ordered the staff to enforce a moratorium on cryptocurrency mining. Chelan county’s ban on crypto mining isn’t the only such development in Washington, as the city of Ephrata has also recently imposed a one year ban on new cryptocurrency operations.

There have been similar moratoriums internationally, with the Quebec government lifting its temporary ban on electricity sale to miners at the end of May.

Let's block ads! (Why?)

Read this on cointelegraph.com Ad1
  Contact
 Payment systems online

67/2

Tel : +
Mail : admin@moneyyes.info
Business Hours : 24

  Follow Us
Site Map
Show site map
  About

There are plenty of online payment systems out there that you can use to conduct e-commerce activities. Top online payment systems for accepting payments on the Web.