Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.
Central Washington Is Now Keeping an Eye Out
Among the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.
The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At that time, the bitcoin boom saw the world’s number one digital currency by market cap reaching a new all-time high that exceeded $19,000 per unit, though this is small beans compared to the $40,000 per unit that bitcoin is presently trading for.
In any case, during that time, miners from many foreign countries including China sought to enter Washington and potentially set up new mining businesses as a means of taking advantage of the extremely low energy bills that the region offered. Central Washington is known to provide much of its energy through hydroelectricity, a notoriously cheap and effective way of offering low-cost energy to local citizens.
While the surge didn’t last thanks to the big crash that occurred just a few months later in 2018, public utility districts (PUDs) began seeing all kinds of tell-tale signs that their energy wasn’t always been put to good use, and that bootleg mining companies were now calling