• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
Threat to Public Safety
Advertisement

Bitcoin Mining Boom Hits Small Town in Washington State

Jeff Francis by Jeff Francis
5 years ago
in News, Bitcoin, Mining, News teaser
0
Advertisement

A small town in Washington, Wenatchee, is seeing a Bitcoin mining boom due to low power prices and cooler temperatures.


There are quite a few reasons why people choose to move to a small town. They may wish to get away from the hustle and bustle of the big city. Perhaps they wish to simplify their life and get back to basics. Or it may be, in the case of Wenatchee, Washington, that people may be looking to join in a Bitcoin mining boom.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

The New Virtual Gold Rush

A small town in Washington state that lies a few hours away from Seattle is becoming the center of cryptocurrency mining for the United States. It appears that the rural town of Wenatchee is experiencing a major Bitcoin mining boom as people are flocking to the area to start up operations.

Steve Wright, the head of the local power utility, says that there are already a dozen major cryptocurrency miners in the area. That number is set to explode as he notes that another 75 have made inquiries about moving to Wenatchee. Wright says:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

We’ve come from just a few people out there who have been knocking on the door all of a sudden to people who are banging on the door pretty loudly.

Why Wenatchee?

Moving to a small town in the name of high-tech crypto mining may sound counterintuitive, there are some great reasons why miners are choosing Wenatchee.

The first reason is the cost of power. Electricity is extremely cheap for the town, costing only 2 to 3 cents per kilowatt hour. Power is so cheap as that there’s plenty of hydroelectric power due to a series of dams on the Columbia River.

Mining rigs

Another reason why Wenatchee is a prime location is that it boasts cooler temperatures that keep the mining servers at the right temperature. To cap it all off, the town also has a tremendous internet capacity.

When you factor power cost, internet capacity, and average temperature together, you can see why Wenatchee is such a great spot to open up your very own crypto mine. Plus, Seattle is only 3 hours away if you want to take advantage of everything that a major metropolis has to offer.

However, Steve Wright is worried about the area’s new status of a Bitcoin mining boom town. He says:

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 holding the bag, and leave the people of this community holding the bag.

In the long run, miners, just like every other business, will go to where they can generate a maximum profit by lowering costs. Perhaps Wenatchee should be happy that they can broaden their tax base a bit with the increased industry.

Would you move to a small, rural town for cheaper Bitcoin mining costs? Let us know in the comments below.


Images courtesy of Wikimedia Commons and Bitcoinist archives.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Jeff Francis

Jeff Francis

Related Posts

Bitcoin BTC

Will Bitcoin And Ethereum Crash? DCG Sells Grayscale Trust Shares

2 hours ago
Bitcoin

Top Crypto Miner At Record Bitcoin Production, Bear Market Over?

13 hours ago
Bitcoin price

This Will Be Important For Bitcoin And Crypto This Week

1 day ago
New record: 49% of Bitcoin Supply Has Not Changed Hands in 2 Years

New Record: Half Of Bitcoin Supply Hasn’t Changed Hands In 2 Years

2 days ago
Bitcoin Derivatives Markets Volumes Show Bullish Trend After 2022 Downturn

Bitcoin Derivatives Market Volumes Show Bullish Trend After 2022 Downturn

3 days ago
Bitcoin

Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • The 7 Best Altcoins to Buy Now to 10X Your Money

    20 mins ago
  • These 7 Best Cryptocurrencies to Buy During Presale

    49 mins ago
  • Which Is The Best Crypto Meme Coin To Invest In 2023...

    2 hours ago
  • Cardano On The Climb, Whilst Big Eyes Coin Extends 200%...

    2 hours ago
  • Big Eyes Coin can boast the biggest pre-sale in recent...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.