dc10lover
Topic Author
Posts: 1277
Joined: Mon Dec 29, 2014 6:11 pm

Bitcoin Mining Boom Hits Small Town In Washington State

Sat Jan 13, 2018 9:45 am

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

https://bitcoinist.com/bitcoin-mining-b ... ton-state/

This is going to be very interesting to watch.
Why endure the nightmare and congestion of LAX when BUR, LGB, ONT & SNA is so much easier to fly in and out of.
 
Route66
Posts: 29
Joined: Mon Dec 11, 2017 11:47 pm

Re: Bitcoin Mining Boom Hits Small Town In Washington State

Sat Jan 13, 2018 3:45 pm

I was reading about the same thing in Chinese province last week. The government is clamping down since they heavily subsidize the cheap electricity.
 
tommy1808
Posts: 6952
Joined: Thu Nov 21, 2013 3:24 pm

Re: Bitcoin Mining Boom Hits Small Town In Washington State

Sun Jan 14, 2018 9:12 am

dc10lover wrote:
This is going to be very interesting to watch.


With any Bitcoin transaction costing around 300kwh, yes, with a k, of power, this is going to end quite soon.

60 or so USD for each payment makes Gold an effective currency.

Best regards
Thomas
This signature is a safe place.
 
User avatar
Aesma
Posts: 9512
Joined: Sat Nov 14, 2009 6:14 am

Re: Bitcoin Mining Boom Hits Small Town In Washington State

Sun Jan 14, 2018 11:55 am

My miners are on the way from China, I have access to electricity that is not the cheapest, but not the most expensive either. Temperatures are OK and I plan to put them in a very large hangar that could house thousands of them instead of the dozen I will.

The real problem for me is to set up the right kind of company to actually earn anything from this. I might end up just selling the miners on eBay and make more profit from that !

2-3 cents electricity is really interesting though. Too bad it's in Trump land.
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
 
BestWestern
Posts: 7821
Joined: Fri Sep 08, 2000 8:46 pm

Re: Bitcoin Mining Boom Hits Small Town In Washington State

Sun Jan 14, 2018 12:11 pm

Kodak has stared selling mining devices - they do all the work, and take half the return.
Greetings from Hong Kong.... a subsidiary of China Inc.

Who is online

Users browsing this forum: cpd, Kiwirob, TheF15Ace and 4 guests

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos