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Cryptocurrency mining puts electrical grid of small Washington state county 'to the test'

Cryptocurrency mining puts electrical grid of small Washington state county 'to the test'

12 jan. 2018 20:23

Bitcoin mining good for region: Port of Douglas economic development manager Bitcoin mining good for region: Port of Douglas economic development manager 22 Hours Ago | 02:53 The cryptocurrency craze is helping many people rake in money, but it is also putting pressure on the electrical infrastructure of a small county in Washington state. "Our infrastructure is actually being put to the test. We're full," Ron Cridlebaugh, the Port of Douglas County economic development manager, told CNBC's Michelle Caruso-Cabrera on Thursday.

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Electricity in Washington state is considerably cheaper than in most places in the U.S. The average electricity price per kilowatt in the state is 4 cents. The national average is 7 cents. 

People have been trying to get in on the action by purchasing these digital assets or by "mining," or creating, them. But the mining process requires a lot of electrical power as computers process gargantuan amounts of data.

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