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Tag Archives: Quebec

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. ...

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Quebec Lifts Cryptocurrency Mining Moratorium: Report

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The Canadian province of Quebec will lift a moratorium on the sale of electricity to cryptocurrency mining operations, local media outlets have reported. According to Le Journal De Montreal, officials reversed course on the moratorium due to fears that Quebec would miss out on ...

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Quebec: State-Owned Energy Provider Halts Crypto Mining Projects

The energy supplier for Quebec, Canada, has temporarily stopped providing power for new digital currency mining projects. Hydro-Quebec claim that the move is to ensure that they can continue to supply the rest of the province with power, as well as exploring other developing industrial sectors. Hydro-Quebec to Propose Strategy for Blockchain Firms to State’s Energy Regulator Quebec has seen ...

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Cryptomining Applications Suspended in Quebec

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 ...

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Quebec Halts Crypto Mining Electricity Requests Amid Huge Demand, Forms New Framework

Major Canadian electricity provider Hydro-Québec will temporarily stop processing requests from cryptocurrency miners in order for the company to fulfil its obligations to supply energy to the entire province, according to a press release published June 7. Hydro-Québec is experiencing “unprecedented” demand from blockchain companies, which reportedly exceeds the electric utility’s short and medium-term capacity. In this regard, the Quebec ...

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Québec Lifts Electricity Ban on Cryptocurrency Miners with New Mandate

The Canadian Province of Québec’s ban on the sale of electricity to cryptocurrency miners has been lifted, with a new decree expected to be put into place to monitor the sale of electricity to miners, according to sources. Hydro-Québec’s Mandate In a report from the Le Journal De Montreal, sources suggest the move to lift the moratorium is because the Québec government ...

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Bitcoin Farms Choose Quebec for its Clean Energy

Quebec, a predominantly French-speaking province in eastern Canada, is home to one of the largest bitcoin farms in North America owned by Bitfarms. The cryptocurrency rush is taking over, but environmentalists are increasingly concerned about the implications of bitcoin mining as the energy consumption skyrockets. Hydro-Québec Provides Clean Energy for Cryptocurrency Mining The cryptocurrency boom began in 2009 and slowly spread ...

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