Cryptocurrency project on hold in Aberdeen after Idaho Power decision

A unique business would like to move into the old Simplot plant in Aberdeen, but company officials say Idaho Power’s regulation of the industry makes the business unworkable. Media reports suggest the decision by Idaho Power could cost the region as many as 80 jobs.
The company GeoBitmine is a cryptocurrency mining company, meaning it sets up computer servers to find unique combinations of numbers to be used for the cryptocurrency Bitcoin. For the layman, that means there is a lot of computers working away to make a computer-only money system. Those computers generate a lot…

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