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Bitcoin mining craze bypasses Oregon: Here’s why

One penny. Or, if you prefer, 0.000001 bitcoin.

That tiny amount is the reason a cryptocurrency "mining" craze that upended small communities in Washington state has passed over Oregon.

Oregon’s electric rates are cheap by national standards but not compared to Washington’s best prices, which are typically lower by 1 cent per kilowatt hour. That doesn’t sound like a lot of money but it is in the world of bitcoin, a digital currency generated by power-hungry computers.

By Mike Rogoway

[email protected]

The Oregonian/OregonLive

https://www.oregonlive.com/silicon-forest/index.ssf/2018/06/bitcoin_mining_craze_bypasses.html

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