News

Rural Electrics Prepare for Crypto Mining

Rural Electrics Prepare for Crypto Mining

Photo: WNAX


Some rural electric cooperatives could soon be hosts to growing crypto mining server farms.
Brad Schardin, Manager of Southeastern Electric, based in Marion, says they are hearing from potential developers….

Crypto currencies like bitcoin are created through complex math equations on computer networks.
Schardin says they are attempting to map out some areas in their system that could host a server farm….

Schardin says they are reacting to requests for possible services….

C-NET reports that one bitcoin transaction takes over fifteen hundred kilowatt hours of electricity, or enough to power an average home for fifty-three days.

Recent Headlines

3 weeks ago in Local

WHAT DOES MARIJUANA RECLASSIFICATION MEAN FOR SOUTH DAKOTA?

SIOUX FALLS, S.D. (Dakota News Now) – President Trump’s executive order to reschedule marijuana from a Schedule 1 to a…

3 weeks ago in Local

GOVERNOR RHODEN ANNOUNCES $200,000 GRANT SUPPORTING KEEP FARMERS FARMING PROGRAM

SIOUX FALLS, S.D. (Dakota News Now) – On Monday, Governor Rhoden announced a $200,000 grant from the Future Fund for…

3 weeks ago in Local

ICE’S YEAR IN SOUTH DAKOTA, FROM SMALL TOWNS TO OPERATION: PRAIRIE THUNDER

SOUTH DAKOTA (Molly Wetsch / South Dakota News Watch) – Five months after Operation: Prairie Thunder officially began, the South Dakota…

4 weeks ago in Local

SOUTH DAKOTA STATE ECONOMIST SAYS FARM ECONOMY HAS HELD BACK SALES TAX REVENUES

SIOUX FALLS, S.D. (Joshua Haiar / South Dakota Searchlight) – South Dakota’s State Economist Derek Johnson told the state Banking…

4 weeks ago in Local

STATE SPENDS $43,000 IN TROOPER OVERTIME FOR OPERATION PRAIRIE THUNDER

PIERRE, S.D. (John Hult / South Dakota Searchlight) – The South Dakota Department of Public Safety says a saturation patrol…