CRYPTOCURRENCY MINING PUTS ELECTRICAL GRID OF SMALL WASHINGTON STATE COUNTY ‘TO THE TEST’

by on 11 Ιανουαρίου 2018

«Our infrastructure is actually being put to the test. We’re full,» said Ron Cridlebaugh, the Port of Douglas County economic development manager.

Cryptocurrencies like bitcoin and ripple have skyrocketed in value recently. Many people have been trying to get in on the action.

Mining digital currencies requires lots of electrical power as computers process gargantuan amounts of data to produce digital currencies.

The crypto craze is helping many rake in lots of 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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