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28 Mar 2018

Quebec Pushes Hydropower Utility to Halt New Bitcoin Mines

Quebec Pushes Hydropower Utility to Halt New Bitcoin MinesThanks for watching❤! SUBSCRIBE to receive more videos for free. Quebec Pushes Hydropower Utility to Halt New Bitcoin Mines The Canadian province of Quebec has temporarily put a halt to the development of new cryptocurrency mining operations. The region – known for its cheap hydropower – has been an attractive destination for cryptocurrency miners looking to expand their businesses. Yet on Friday, Canadian newspaper Les Affaires reported that operators tied to utility firm Hydro-Quebec are turning down new clients, in part due to the demands placed on the hydroelectric dam by existing operations. Quebec’s Minister of Energy and Natural Resources, Pierre Moreau, said cryptocurrency mines require a lot of energy, but only generate a small number of jobs when compared to other factori

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