from the meet-the-supply-and-demand-curve dept.
1sockchuck writes: A public utility in Washington state wants to raise rates for high-density power users, citing a flood of requests for electricity to power bitcoin mining operations. Chelan County has some of the cheapest power in the nation, supported by hydroelectric generation from dams along the Columbia River. That got the attention of bitcoin miners, prompting requests to provision 220 megawatts of additional power. After a one-year moratorium, the Chelan utility now wants to raise rates for high density users (more than 250kW per square foot) from 3 cents to 5 cents per kilowatt hour. Bitcoin businesses say the rate hike is discriminatory. But Chelan officials cite the transient nature of the bitcoin business as a risk to recovering their costs for provisioning new power capacity.
Thus mathematics may be defined as the subject in which we never know
what we are talking about, nor whether what we are saying is true.
-- Bertrand Russell