Québec Allocates Cheap 300 MW Electricity for Blockchain Industry

in #canada • 6 years ago

Good news for Bitcoin miners & blockchain entrepreneurs in Canada as the Hydro department of Québec has announced the decision of allocating a 300-MW block of electricity to the blockchain industry. Looks like Canada will play a major role in the Blockchain industry and specifically in Bitcoin mining. (html comment removed: more)

 


Québec Allocates 300MW of Electricity for Blockchain Industry.jpg

 

According to the press release of Québec's Hydro department, they announced that they will move forward with the blockchain file and now will now allocate 300 MW extra for the blockchain space. This is very encouraging for all the cryptocurrency miners as recently there have been talks of China banning cryptocurrency mining completely.

Already Hydro-Québec has allocated 158 MW of electricity before for blockchain industry along with 210 MW approved from municipal distributors. So, now the addition of 300 MW more will make the number to 668 MW of electricity for the blockchain industry in total.

Read full article at: https://www.mycryptohustle.com/quebec-300mw-electricity-blockchain/

Also, do not forget to leave your opinion below or on our blog and do let us know if you think it will have a positive impact on Cryptocurrency & Blockchain space?

#cryptocurrency #blockchain #mining #electricity
6 years ago in #canada by
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