Mark Mason
Well-known member
Quebec Allows Cryptocurrency Mining with a Catch
Quebec, the Canadian Provence, has lifted a moratorium on the sale of electricity to cryptocurrency miners, but allows for the possibility of energy suppliers to charge different rates to cryptocurrency miners.
The move to lift the moratorium comes amid fears of government officials that they will miss out on potential revenues of the rapidly expanding industry, according to local reports. However, after the government lifted the ban, there are apparently conditions that would allow Hydro-Quebec to charge miners different, most likely higher, rates and have the ability to cut power to miners when the electrical grid is near max capacity.
Read more: https://www.dashforcenews.com/quebec-allows-cryptocurrency-mining-with-a-catch/
Quebec, the Canadian Provence, has lifted a moratorium on the sale of electricity to cryptocurrency miners, but allows for the possibility of energy suppliers to charge different rates to cryptocurrency miners.
The move to lift the moratorium comes amid fears of government officials that they will miss out on potential revenues of the rapidly expanding industry, according to local reports. However, after the government lifted the ban, there are apparently conditions that would allow Hydro-Quebec to charge miners different, most likely higher, rates and have the ability to cut power to miners when the electrical grid is near max capacity.
Read more: https://www.dashforcenews.com/quebec-allows-cryptocurrency-mining-with-a-catch/