Quebec’s electricity deal with cryptocurrency miners makes sense

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Quebec’s electricity deal with cryptocurrency miners makes sense
By Matthew Hughes


Earlier today, Le Journal de Montreal reported that the Quebecois government will lift its ban on the sale of electricity to cryptocurrency miners, which has been in place since March, 2018. Instead, Quebec is looking for a more measured relationship with the mining companies that have fled to Canada’s second-most populous province in search of cheap electricity. Quebec is blessed with a supply of low-cost electricity, thanks to Hydro-Québec’s network of 63 hydroelectric power stations. This (and the crackdown on cryptocurrency mining in China) has attracted a steady flow of would-be bitcoin miners. Unfortunately, the demand for electricity wasn’t sustainable.…

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May 30, 2018 at 11:27PM
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