Cryptocurrency mining news quebec

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Quebec ups energy rate for crypto miners
A court in British Columbia has confirmed B.C. Hydro's ban on crypto mining projects. Proponents of cryptocurrency mining say the industry's future in Canada is hanging in the balance after several provinces moved to restrict. TORONTO�The Canadian province of Quebec wants to stop selling cheap power to cryptocurrency miners amid the global energy crunch.

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It's why we have to take this pause right now and instead use the electricity for the best opportunities in the future," she told host Catherine Cullen. But it also has imposed an month moratorium on connecting any new crypto mining projects to its electrical grid � halting 21 other projects which the province says would have used the same amount of power as , homes. As a reward for maintaining the network, miners also have a chance at earning newly minted Bitcoin. As the only major city in the mountainous region between Montreal and the American border, Sherbrooke had long been an industrial hub. Along the way, Bitfarms made concerted efforts to make amends with residents.