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10 sats \ 1 reply \ @BTCMiner OP 9 Jun 2022 \ on: Bitcoin Miners to Start Paying Higher Cost for Energy Use in Chelan County in July bitcoin
County PUD Commissioners approved the move this week which will increase energy costs for Bitcoin mining by about 29 percent.
The businesses are being bumped up from the high-density load rate schedule to the newly created cryptocurrency rate schedule (also known as Rate 36), which Commissioner Garry Arseneault calls ground breaking.
“What we did as a commission, and what we did as a utility was industry leading, to create a new rate for this type of demand,” said Arseneault.
The bitcoin mining operations are being moved to a higher rate than all other customers because they consume much higher amounts of electricity.
Douglas County no longer allows any such new businesses to start up because bitcoin mining already consumes 25 percent of the county PUD’s available energy.
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10 sats \ 0 replies \ @BTCMiner OP 9 Jun 2022
Here's an article in Decrypt which has as some additional info:
For companies that have made substantial investments in their mining facilities, officials have approved transition plans to gradually increase energy rates over the next two years.
"We need to have some sort of transition. That's important for business," PUD Commissioner Ann Congdon told the Wenatchee World on Tuesday. "I understand how businesses need that in order to plan."
Under the new pricing plan, Salcido can keep his Chelan facility on the lower, high-density energy rate if he processes data instead of mining crypto. The data processing uses the same amount of power as crypto mining, he told the Wenatchee World.
"Do you really want to be in the business of regulating what kind of processing happens on servers in your territory," Salcido said.
Bitcoin Miners Will See 29% Rate Hike on Hydroelectric Power in Washington https://decrypt.co/102420/bitcoin-miners-will-see-29-rate-hike-hydroelectric-power-washington
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