Home Bitcoin Québec Utility Requests Reallocation Bitcoin Electrical energy – Bitcoin Journal

Québec Utility Requests Reallocation Bitcoin Electrical energy – Bitcoin Journal

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The Québec authorities’s utility firm, Hydro-Québec, has requested the reallocation of 270 megawatts of power put aside for cryptocurrency mining, as soon as once more signaling one other Canadian authorities entity’s need to curtail or modify bitcoin mining within the nation. As of December of 2021, Canada had 6.48% of global hash rate in accordance with the Cambridge Bitcoin Electrical energy Consumption Index.

A Bitcoin Magazine article from 2021 particulars the assorted regulatory challenges in Canada, in addition to the profitable operations that proceed to prosper within the nation regardless of these. Just lately, the Manitoba province’s authorities set an 18-month moratorium on new mining operations. Previously, Canada has experienced large influxes of miners in search of to make the most of the abundance of energy there.

In response to a report by the Wall Avenue Journal, “Hydro-Québec costs the bottom charges for industrial energy in North America, with common costs as of April 1 of three.93 cents per kilowatt-hour… The typical price in North America is 8.22 cents, in accordance with Hydro-Québec.”



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