Bitcoin Mining Boom in Wenatchee, Washington U.S. - Who needs China? How I Mine Bitcoin
January 11, 2018
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7:21Now PlayingBitcoin Mining Boom in Wenatchee, Washington U.S. - Who needs China? How I Mine Bitcoin
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as posted by the channelMine Bitcoin and other Cryptocurrencies Daily with HashFlare! Free to sign up! Wenatchee, Washington is home to a dozen of the largest bitcoin and cryptocurrency miners in the country. This is because the electricity is so cheap, The average electricity price per kilowatt in the state is 4 cents. The national average is 7 cents.
The electricity is cheap in Wenatchee because of the Columbia River which is part of a Dam system which generates cheap and abundant hydroelectric power.
One of the 12 Bitcoin mining companies is Salcido Group which is currently mining 5-7 Bitcoins per day and is looking to mine 50 Bitcoins per day by July.
China is moving to wipe out its bitcoin mining industry following concerns of excessive electricity consumption and financial risk.
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