Authorities in the Canadian province of British Columbia will limit the supply of electricity to miners – Bits Media

BC Hydro, State Electricity Supplier in the Canadian Province of British Colombia, on 18 months will terminate new applications from miners to use electricity.

Minister of Energy, mining industry and low carbon Innovations Josie Osborne (Josie Osborne) stated, that during this period the Canadian government and BC HYDRO will be able to optimize energy infrastructure. This will help to balance the needs of local miners, ordinary residents and enterprises in the province. Such a step was taken to preserve environmentally friendly energy for enterprises, creating jobs.

By the letter Osborn, Mining cryptocurrencies consumes a huge amount of electricity, including for round -the -clock cooling of powerful computers, At the same time, creating very few jobs, which does not contribute to the development of the local economy. The minister added, that a large consumption of electricity with miners can lead to overloading the energy network and increasing electricity tariffs for residents of British Colombia.

Now BC Hydro provides electricity to seven mining farms, and six more are at an advanced stage of connection to the system with a total capacity 273 MW. Expected, that the new resolution will not affect their activities. but, As for new requests from mining farms in BC Hydro, They will be denied electricity. BC Hydro has already received 21 A similar request on 1 403 MW of electricity. OSBorn abeted, that this volume of electricity would be enough for power 570 000 houses or 2.1 million electric vehicles during the year.

In November, the state-owned company Hydro-Quebec, engaging in the production and transportation of energy, also called on the authorities of the Canadian province of Quebec to limit the access of miners to electricity. A few years ago, the financial regulator of Canada (AMF) and completely proposed to equate mining with securities operations.