Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

The Canadian province of Quebec has reportedly determined to cost cryptocurrency miners up to roughly thrice the present value after they flooded utility Hydro-Quebec with requests for mining operations. As well as, a number of crypto-related proposals have been submitted together with one which requires crypto companies to bid for energy.

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Value Hike for Crypto Miners

Quebec, a province in jap Canada, provides one of many lowest energy charges in North America. Its electrical energy is generated, transmitted, and distributed by the nation’s largest electrical utility, Hydro-Quebec, which was fashioned by the federal government in 1944, and at the moment has over four million clients.

The utility has been courting cryptocurrency miners for months to use its surplus electrical energy. Nonetheless, due to an amazing variety of requests for crypto mining operations, the province has determined that it “will make…

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