Published On: Fri, Jun 8th, 2018

Cryptomining Applications Suspended in Quebec

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Canada’s Quebec province has announced that it will be suspending all approvals for new digital currency-mining projects so officials can consider deeper restrictions and potential energy price hikes.Bitcoin and cryptocurrency-mining operations in Canada are largely powered by Hydro Quebec. Representatives of the company are asking that the total amount of energy made available to digital currency miners be limited to 500 megawatts. While this is enough energy to run a “single aluminum smelting plant,” it’s a small portion of the 17,000 megawatts miners in Quebec originally asked for.The enterprise is also asking for respective …

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