Tag Archives: Electricity

Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie,
has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining
projects. Continue reading Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

No Legal Basis to Ban or Limit Bitcoin Mining

The European Commission has confirmed that it is paying attention to concerns about rising electricity consumption for cryptocurrency mining in the European Union, according to European Commissioner Mariya Gabriel, who oversees digital economy and society. According to a notice on the European Parliament website, Gabriel addressed the issue in response to a question posed to the parliament. Continue reading No Legal Basis to Ban or Limit Bitcoin Mining

Canada Unable to Meet Electricity Demands of Bitcoin Miners

Canada’s Hydro Quebec will have to turn away cryptocurrency miners looking to setup operations in the province. The electricity supplier has been inundated with requests from cryptocurrency miners looking to setup operations in energy-rich province Quebec, according to Reuters.

Many miners, including giants like China-based Bitmain, have made it clear that they are looking to setup new mining operations overseas in countries with low power costs and surplus of energy. The crack down on cryptocurrency exchanges in China, as well as talks of power regulations applying to miners, has prompted miners to consider new sites to operate from.

Reference: www.cointelegraph.com