Cryptocurrency

Wenatchee, Washington, calls itself ”the apple capital of the world,” but it is also the site of a burgeoning new industry: cryptocurrency mining. Governments and banks don’t issue cryptocurrencies; they are decentralized and digital. When someone makes a payment using bitcoin, for example, a “flurry of activity” takes place as every server on the bitcoin network records and verifies the transaction. This process also cultivates new bitcoins, making cryptocurrency mining an attractive source of passive income. David Carlson, owner of cryptomining business Giga Watt, estimates that each one of his computers earns him an income of $1,500 a year. But...