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PUD ups costs for Bitcoin miners

 


An electric utility has created a new rate class that could dramatically affect the local development of an “evolving industry” with an Electric City participant.

Grant County Public Utility District commissioners voted last week to increase electricity rates for high-power cryptocurrency miners to protect “Grant PUD and its customers from risk,” a PUD press release stated Aug. 28. “Starting April 1, 2019, cryptocurrency miners and other ‘evolving-industry’ firms will pay the first of a three-year, graduated increase to a new, above-cost electric rate designed to protect Grant...



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