TweakTown
Tech content trusted by users in North America and around the world
6,252 Reviews & Articles | 40,821 News Posts
TRENDING NOW: Sony teases PlayStation 5 could be a cloud-based console

Want to mine bitcoins? Head to the Pacific Northwest for cheaper power

bitcoin supporters are heading to the Pacific Northwest for larger bitcoing mining operations, due to cheaper power prices in Washington state

| Business, Financial & Legal News | Posted: Apr 29, 2014 10:15 pm

To successfully mine bitcoins, a major amount of computing power is necessary, and the power bills can quickly pile up for cryptocurrency supporters. However, it appears bitcoin companies are interested in the state of Washington, migrating to the central part of the state, including Chelan, Douglas, and Grant counties.

 

TweakTown image news/3/7/37353_01_want_to_mine_bitcoins_head_to_the_pacific_northwest_for_cheaper_power.jpg

 

Due to hydroelectric dams and public utility districts with friendly prices to residential customers and businesses, many bitcoin supporters are moving to central Washington. Furthermore, Chelan, Douglas and Grant counties also have public utility districts which provide local residents with friendly utility costs.

 

Cybercriminals are hijacking everything from PCs and servers to smartphones and tablets, in their ongoing effort to mine bitcoins. Google Android malware designed to hijack devices and mine bitcoins also have found their way into the Play Store, though Google has removed the apps in question.

NEWS SOURCESSpokesman.com, Wallsave.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases