cryptocurrencies

Tom Banse / NW News Network

Cryptocurrency companies in Central Washington were left to wait in suspense on Tuesday after they asked a federal judge in Spokane to block an imminent, targeted electric rate increase. The energy-intensive data center operators claim they would be crippled by the Grant County Public Utility District rate hike. The utility says the case is without merit.

Tom Banse / Northwest News Network

West Coasters may soon be able to pick up bread, milk and, yes, bitcoin, at their local supermarket. 

Tom Banse / NW News Network

One of the biggest players in the global cryptocurrency space has established a foothold in the Pacific Northwest. China-based Bitmain Technologies held a ribbon cutting for a $20 million data center near the Wenatchee airport on Friday. A celebratory mood ran through the grand opening despite headwinds besetting the virtual currency sector.

Wikimedia

In the last few years, rock-bottom electricity rates have attracted bitcoin miners and other virtual currency entrepreneurs to central Washington state. But in Chelan and Grant counties, that lure may be on the wane because of looming power price hikes.


Tom Banse / Northwest News Network

When the price of one bitcoin soared to almost $20,000 late last year, an influx of entrepreneurs and developers came to the Pacific Northwest in search of cheap hydropower to do bitcoin "mining."

But now cities, counties and utilities at the epicenter in central Washington are hitting the pause button. The cryptocurrency businesses bring tech jobs—but they are also electricity hogs.

Xiangfu / Wikimedia - tinyurl.com/ycjjtb63

A public utility in north central Washington state wants to root out a new kind of outlaw: the rogue bitcoin miner.

Tom Banse / NW News Network

A quartet of young companies from the Seattle area have raised tens of millions of dollars by tapping into a hot tech trend. They've invented new virtual currencies and sold digital coins to the public.

These token sales are largely unregulated and are sparking increasingly frequent government warnings.