Bitcoin Miners Flock To Wenatchee, Washington

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Education & Training with U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business.


"Bitcoin is the beginning of something great: a currency without government, something necessary and imperative."
-
Nassim Nicholas Taleb

Bitcoin mining has become a big issue in Wenatchee, Washington due to the availability of plentiful and inexpensive hydroelectric power. 

If you understand bitcoin mining, you are smarter than me but I know it's a major issue and Wenatchee is right in the middle of it, due to our inexpensive power. Bitcoin mining takes huge amounts of power and that's why the miners find Central Washington so appealing.

Here is a video about the issue in Wenatchee, Washington and how it affects our local Public Utility Districts that provide power to our region. 







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Rainmaker
3,771,095
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I really still do not understand this very well.  I am old school

Jun 08, 2018 01:49 AM #1
Rainmaker
2,584,060
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Carol.

Way beyond my thought process. Still there are things I know I'll never understand, this is one of them

Jun 08, 2018 03:06 AM #2
Rainmaker
4,505,700
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

well, I'll join William and James...this is beyond my paygrade!!!

Jun 08, 2018 03:56 AM #3
Rainmaker
2,847,784
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Carol. Way beyond me! What sounds too good to be true usually is! Enjoy your day!

Jun 08, 2018 04:57 AM #4
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I think cyrpto-currency could be the next big bubble to burst. I am more interested to see if Blockchain can be improved. It has more uses but is a bit slow at this time.

Jun 08, 2018 05:45 AM #5
Rainmaker
2,274,865
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I'm with what Joe Pryor says in his #5 comment.  I think crypto-currency could be the next big bubble to burst.  To my understanding it's pretty much the same as Pokemon cards.

Jun 08, 2018 06:07 AM #6
Rainmaker
1,079,500
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi William Feela ,
Neither do I.  I've been watching a few "elementary" videos to get the jist.  Still beyond my feeble mind, though.

Jun 08, 2018 07:06 AM #7
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi James Dray ,
My mind isn't wired for that kind of thing, I guess.  It's complicated. 

Jun 08, 2018 07:06 AM #8
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Good morning Barbara Todaro ,
Mine too... way beyond!  I just know they use a lot of power!

Jun 08, 2018 07:07 AM #9
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Good morning Wayne Martin ,
Lots of confusion and controversy over it... but it is real and will be interesting to see how it evolves.

Jun 08, 2018 07:08 AM #10
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Myrl Jeffcoat ,
I think there certainly could be some bubble busting.  It will be interesting to see how it evolves. 

Jun 08, 2018 07:09 AM #11
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Joe Pryor ,
Yes, I think there certainly could be some bubble busting but, like real estate, I don't think it's going away.  It will be interesting to see how it evolves.

Jun 08, 2018 07:44 AM #12
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Carol I must find the video somebody else posted awhile back trying to explain bitcoin.  It was hilarious!!!

Jun 08, 2018 09:58 AM #13
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Anna Banana Kruchten CRB, CRS, Broker 
Perhaps this is the one in the second blog I posted this morning

Jun 08, 2018 11:31 AM #14
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi Carol - racing to catch up in the Rain today - I do know about inexpensive power, but will have to try to watch the bit coin video in  a bit. D 

Jun 09, 2018 06:53 AM #15
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Debb Janes EcoBroker and Bernie Stea JD ,
Thanks for stopping by, Debb.  And, when you have time please check out my other post with the hilarious video explaining bitcoin

Jun 09, 2018 07:15 AM #16
Rainmaker
539,689
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

I watched the funny video first; now I'm even more confused after seeing this news report. I think I'll stick to real estate investing!

Jun 12, 2018 07:25 AM #17
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Pat Starnes, Brandon, MS ,
The only thing I understand is that those processors take a lot of friggin power and the miners want it cheap.

Jun 13, 2018 05:47 AM #18
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