Québec Offers Electricity to Cryptocurrency Miners in Exchange for Jobs

[kreslik.news]

The Canadian province of Québec has made a proposal to cryptocurrency miners.

The local government had been been forced to address the issue of “electricity consumers using cryptography as applied to blockchain technology” because they were demanding more electricity that it could supply, according to a press release.

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It temporarily halted electricity supply to cryptocurrency mining operations on the 7th of June, just a week after a total ban was lifted. At the time, Hydro-Québec President Éric Filion said: “The blockchain industry is a promising avenue for Hydro-Québec. Guidelines are nevertheless ... (read more)