If you’re following the mining scene at all, the market is over saturating with mining operations. Hundreds of companies are submitting applications for mining in areas with cheap renewable power. This trend will eventually propel power prices upwards.
TLDR; power prices will jump due to bitcoin mining. I'm bullish on long term power contract tokens such as WTT.
A county near Seattle for example says miners are requesting more megawatts than the combined usage of the 77,000 homes they currently serve.
https://www.seattletimes.com/business/bitcoin-backlash-as-miners-suck-up-electricity-stress-power-grids-in-central-washington/
18-month moratorium on new bitcoin mines sucking up cheap power in NY: https://www.cnbc.com/2018/03/16/bitcoin-mining-firms-getting-pushback-from-new-york-state.html
What does this mean? The price of power will jump as demand sucks up all the renewable supply. The price of power next year may be double than what it is today. Thus, if you want a piece of it, you have to lock in a long term power contract with a low rate. What’s awesome is I found a token that gives you that exposure: WTT. It’s a token that represents 1 KWH of power for 50 years at Gigawatts’s mining farm in Wenatchee Washington. What’s more is you can rent the token out to miners and collect a dividend as the price of the token appreciates.
This is not investment advice! Just my own analysis. Please do your own research.
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