Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners.

The town is about three hours aways from Seattle. What is it about this rural area causing

people to move there and mine cryptocurrency?



Mining Boom in A Small Town

Wenatchee is home to a dozen of the largest bitcoin miners,

becoming something of an epicentre. It appears a steady

stream of investors are discovering the town as an optimum

place to mine. Steve Wright, the head of the local power utility,

says that another 75 have inquired about coming to the town:



Bitcoin mining is known to be energy-consuming.

But miners here appear not to have this problem.

Power is extremely cheap for the town— only 2 to 3

cents per kilowatt hour.

An early miner in the town, Malachi Salcido, owns

three data centers in the area capable of generating

5 to 7 BTC per day. Salcido uses 7.5 megawatts of

power and wants to produce 50 BTC per day by July,

which would require a whopping 42 megawatts of power.

The town of Wenatchee is key in his plans.

Power is cheap here due to abundant hydroelectric

power through a series of dams on the Columbia River.

Another reason why Wenatchee is a favorite mining

town is that it boasts cooler seasons to help keep the

servers at the right temperature. The small town also

has exceptional internet access. Steve Wright, however,

is concerned that speculators might rush into the town

to take advantage of everything it offers:

What do you think of the mining boom? Will the small town

attract more crypto investors? Leave your comments below.

Mor ABOUT> https://news.bitcoin.com/small-washington-town-rising-bitcoin-mining-epicenter/