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Tag Archives: Quebec

Quebec Approves Energy Rate Hikes for Bitcoin Mining Firms

Bitcoin mining firms looking to set up shop in Quebec will now have to pay more for electricity. This is after the energy regulator of the Canadian province, Régie de l’énergie, gave the region’s utility firm, Hydro-Quebec, the go-ahead to impose a deterrent tariff that will see cryptocurrency miners paying double the rate that is levied on households and other ...

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Under New Rules Quebec Crypto Miners Will Be Required to Bid For Electricity

Provincial utility Hydro-Quebec has proposed new rules, under which blockchain companies will be required to bid for electricity and quantify the jobs and investment they expect to generate per megawatt, Hydro-Quebec announced in a press release June 21. The new regime seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing initiatives. The starting rate ...

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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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