Washington’s Chelan County plans to increase electricity rates for cryptocurrency mining

On November 20, according to RTTnews, the Chelan County Government Public Affairs Department of Washington State plans to increase the unit price of electricity for the local cryptocurrency mining industry. It is reported that the industry consumes a lot of electricity in the county, and the Public Affairs Department's move is intended to recover the cost of substation construction. Many crypto mining practitioners said that if the price increase plan is passed, they will move the industry to other states and counties.