Drew Prindle & Digital Trends came out to tour our facilities and report on bitcoin mining in Central Washington. Check out this article and video interview with Malachi Salcido:
CCN reported yesterday on the Federal Reserve Bank of St. Louis's study results, presented in "The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies."
In this report, the authors "characterize various currencies according to their control structure, focusing on cryptocurrencies such as Bitcoin and government-issued fiat money."
The diagram they present really helps to understand the dimensions of currency: physical or virtual representation, centralized or decentralized handling, and competitive or monopolized creation. This shows how bitcoin is different from existing currencies.
Wenatchee Valley College annual Foundation Awards nominate Malachi Salcido as "Distinguished Alumni."
The materials also praise Malachi for “giving back” and for encouraging the growth of his employees.
The official awards will be announced at the Wenatchee Valley College Foundation Gala on May 19.
"America's best read urban weekly" goes deep into bitcoin operations in central Washington in this very well-written article. Quoting Malachi Salcido, Mike Cooney, Denton Meier and other players in the region, it dives into the pros and cons, opportunities and responsibilities of operators and suppliers in this industry. In this region of cheap power and wild lands, governments and infrastructure feel the tension between of boom/bust possibility and responsible stewardship of resources, community, safety and new possibilities. Don't miss this well-written article:
NW News Networks reports on Central WA cities and counties placing emergency zoning controls and moratoriums on cryptocurrency operations.
A preemptive move for the sake of safety and accurate planning, these decisions impact the plans of current and would-be bitcoin mining operations in the area, and could send the business to other regions.
Read the full article for more insight on how this could affect the region's citizens, infrastructure and economy.
Malachi Salcido goes on air with Michael Knight of News Radio 560 KPQ, discussing bitcoin past, present and future … and its impacts on markets locally, regionally and globally. Learn how public utility and power companies are working with the industry in the Pacific Northwest and along the West Coast … and what the future of bitcoin and blockchain technology may look like in the months and years ahead.
Malachi Salcido discusses blockchain with Jenny Rojanasthien of GWATA. In this video, the two cover aspects of blockchain technology, including Bitcoin mining, as well as broader potential uses. If you are curious why it's an important element of our future—globally or locally—you'll want to watch this video to the end.
“We’ve come from just a few people out there who have been knocking on the door all of a sudden to people who are banging on the door pretty loudly,” Steve Wright, General Manager of Chelan County PUD, says in this article by Gil Davis from BTCManager.com. Find out what other factors contribute to the BTC gold rush happening in Wenatchee, Washington in the rest of the article:
Power prices are affecting where the power players run their mines, and bitcoin miners are moving to where the power is cheapest (and regulations are friendly). Bitcoin mining consumes so much energy that this Morgan Stanley report estimates it will exceed that of an actual country. For the full scoop, read this well-written article (which includes a comparison to bitcoin mining energy consumption compared to energy consumption by electric cars) by Monica Savaglia on WealthDaily.com:
"'We’ve come from just a few people out there who have been knocking on the door to all of a sudden to people who are banging on the door pretty loudly.'
Bitcoin mining is known to be energy-consuming. But miners here appear not to have this problem. Power is extremely cheap for the town— only 2 to 3 cents per kilowatt hour."