Epicenter Bitcoin Cloud Mining Ethereum Worth It

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This article was epicentre bitcoin news posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow the link below. Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners.

The town is about epicentre bitcoin news hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency? 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 epicentre bitcoin news have this problem. Power is extremely cheap for the town— only 2 to 3 cents per kilowatt hour. An early epicentre bitcoin news in the town, Malachi Salcido, owns three data centers in the area capable of generating 5 to 7 BTC per day. 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 epicentre bitcoin news 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.

Need to calculate your bitcoin holdings? To read more epicentre bitcoin news Bitcoin News follow this link. Leave a Reply Cancel reply Your email address will not be published.

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