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The Central Washington region of the U.S. is reporting surging demand from bitcoin miners for its cheap hydroelectric power. 9.4¢ Switching Texas Retail Electric Providers Install Solar, Wind & More © 2002-2017 Eisenbach Consulting, LLC. All rights reserved. Read our Privacy Policy or Terms of Use. l> But that only works if people trust the tech. No gimmicks and no surprises.  A great low rate locked in for 9 months. Electric & Magnetic Fields Twitter Weird Authorized Payment Locations Lighting Up the Sky in Houston But for the moment, miners like Thurber are gripped in a mania, using thousands of shoebox-sized computers to solve the complex math problems that produce cryptocurrencies like Bitcoin. That effort uses extraordinary amounts of computing power and electricity to run a highly sophisticated algorithm—last year, Bitcoin miners consumed as much power in one year as the nation of Portugal did in the same period. 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To be developed, both require the state-of-the art technologies, engineering expertise, and huge foreign investment that neighbor the U.S. can uniquely provide. If we enact policies to stay away, Russia and China will be happy to fill the void. 01:20 Energy System of the Future We're owned by Eisenbach Consulting, LLC, one of the most well-known energy management and procurement companies in America. OPB News said power utility firms in Washington state and neighboring mid-Columbia are now concerned that the growth in electricity demand could ultimately pose a risk to their systems or bring added costs to general consumers. 2008: $565 Comanche Electric Cooperative Taunton Municipal Light Plant ENERGY Business Distribution Services Get Low Texas Electricity Rates from First Choice Power! 2.37 Oklahoma Updated on 01/04/2018 SaveOnEnergy.com, the SaveOnEnergy.com logo, and "May the best rate win" are registered trademarks START SHOPPING (BE) SMART 3,821,973,332 POUNDS Why Choose First Choice Power? "There's a lot of predictions," says Leif Shackelford, who mines Bitcoin and Ether in his Portland basement and has begun selling cryptomining equipment to others. 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