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April 25, 2018

Power-sucking Bitcoin ‘mines' spark backlash

  • Mining operations seek out cooler places with cheap electricity, such as along the Columbia River, but they can cause power rates to spike.
    • By MICHAEL HILL
    Associated Press

    Bitcoin “miners” who use rows of computers whirring at the same time to produce virtual currencies began taking root along New York's northern border a couple of years ago to tap into some of the nation's cheapest hydroelectric power, offering an air of Silicon Valley sophistication to this often-snowy region.

    But as the once-high-flying bitcoin market has waned, so too has the enthusiasm for bitcoin miners.


     
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