The Canadian Province of Manitoba prohibits the connection of new mining companies to the energy network – Bits Media

The Manitoba Government has suspended the connection of new objects for mining cryptocurrencies to the province’s energy network due to the inability to satisfy the needs of growing demand.

According to the Government of Manitoba, A temporary measure is introduced for a period 18 months and will not affect 37 currently valid objects for mining crypto assets. This measure is aimed at the termination of the growing number of requests for the power supply of new objects, The total capacity of which is a significant part of the power supply of the province.

Justifying the decision Minister of Finance Manitoba Cameron Frisen (Cameron Friesen) said, that thanks to the cheap electricity of the manitobe became a magnet for users, which requires a large amount of electricity for the extraction of cryptocurrencies.

Frisen said, what 17 new operators have submitted applications for a total of 370 MW, which exceeds half the power of the Keya hydroelectric power station, put into operation in 2022 year. The Minister of Finance emphasized, that the government is concerned about the low economic role of mining companies, which, with huge energy consumptions, do not create many jobs.

In August, the authorities of the Province of Manitoba allocated additional 100 000 Canadian dollars, who went to train police officers with the technique of tracking cryptocurrency transactions.