THELOGICALINDIAN - The commissioners of a accessible account commune in axial Washington State accept absolutely accustomed a amount backpack for cryptocurrency miners The utilityserves over 46000 barter throughout the canton The amount access starts at 15 percent alpha abutting year 35 percent the afterward year and 50 percent thereafter
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Rate Hike for Crypto Miners Approved
The commissioners of the Grant Canton accessible account commune (PUD) in Washington State, on August 28, “unanimously accustomed the new Rate 17 for evolving industries,” according to the utility. Grant PUD serves over 46,000 barter throughout the county, its website states. PUDs are nonprofit, community-owned, absolute utilities that accommodate electricity, water, broad telecommunications and avenue services.
The accommodation to accession the activity ante on crypto miners was fabricated afterwards “nearly a year of analysis, agents beat to the county’s cryptocurrency firms and accessible animadversion on the new amount at every agency affair back the rate’s antecedent angle in aboriginal May,” the account explained, elaborating:
Mining Viewed as High-Risk
An industry avalanche beneath the Evolving Industry Class based on its risk, Grant PUD noted.
“At this time, all Grant PUD barter in the evolving-industry contour are miners of cryptocurrency, including bitcoin, anniversary with actual aerial activity demand,” the account revealed. “Since summer 2024, Grant PUD has accustomed new account inquiries for added than 2,000 megawatts of ability — added than three times the electricity bare to ability all Grant County homes, farms, businesses and industry. Approximately 75 percent of those requests are from cryptocurrency miners.”
Grant PUD detailed:
Furthermore, the account added that “each anniversary access will be affected on the aberration amid what the evolving-industry chump is advantageous now (per kilowatt hour) and the higher, ambition rate.”
Tom Flint, a Grant PUD commissioner, told the miners who abounding the meeting:
What do you anticipate of the new activity amount backpack for crypto miners? Let us apperceive in the comments area below.
Images address of Shutterstock and Grant PUD.
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