Bitcoin

Hydro

April

The Canadian province of Manitoba has extended a moratorium on new requests to the government-owned Manitoba Hydro agency for electrical service for cryptocurrency operations. British Columbia (BC) had a similar suspension of service in place and has chosen a different but also restrictive path forward.
The Manitoba pause extension applies to crypto miners’ newrequests and “requests for electric service which have not resulted in the execution of an agreement to construct infrastructure.”
In November 2022, the provincial government paused electrical connections to crypto-mining operations for 18 months. Now the pause will last through April 30, 2026. At that time, the province plans to prepare a long-term solution, it <a href="https://www.hydro.mb.ca/articles/2024/04/province_directs_manitoba_hydro_to_continue_pause_on_new_cryptocurrency_connections/" target="_blank" rel="noopener noreferrer nofollow">said</a> in an announcement, adding:
<blockquote>
 "Manitoba Hydro continues to expect unprecedented demand for electricity from new or expanding cryptocurrency operations. That demand has the potential to drastically increase our total electrical load.”
</blockquote>
In 2022, then-CEO of Manitoba Hydro Jay Grewal said, “If we connected every cryptocurrency operator who’s shown interest in the last 16 months, we’d increase our total electrical load by 4,600 megawatts.” The organization’s total capacity at the time was 6,100 megawatts.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-04/85123693-3d4a-4eb2-9fb4-16a440133824.png">
 <figcaption style="text-align: center;">Source: HYDROVISION International
 </figcaption>
</figure>
Hydro-Québec <a href="https://cointelegraph.com/news/quebec-s-energy-manager-to-seek-government-approval-to-stop-powering-crypto-miners" rel="noopener noreferrer nofollow">proposed reducing electricity</a> provision to crypto operations temporarily in November 2022. New Brunswick <a href="https://www.cbc.ca/news/canada/new-brunswick/province-banning-nb-power-selling-electricity-crypto-mines-1.7014210" target="_blank" rel="noopener noreferrer nofollow">banned</a> the provision of electricity to new crypto operations in November 2023.
Related: <a href="https://cointelegraph.com/news/bitcoin-miner-hut-8-takes-stoush-with-ontario-power-supplier-to-court" rel="noopener noreferrer nofollow">Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court</a>
In December 2022, British Columbia announced it would <a href="https://cointelegraph.com/news/british-columbia-to-halt-new-power-connections-for-crypto-miners" rel="noopener noreferrer nofollow">stop making connections</a> to new crypto miners for 18 months. That decision impacted 21 projects. On April 11, the BC government said it had introduced amendments to its Utilities Commission Act to regulate electricity service to cryptocurrency miners. Provincial Energy Minister Josie Osborne <a href="https://news.gov.bc.ca/releases/2024EMLI0019-000536" target="_blank" rel="noopener noreferrer nofollow">said</a>:
<blockquote>
 “We’re working with BC Hydro to ensure we have the electricity we need […] and that includes regulating electricity service for energy-intensive cryptocurrency miners that create very few local jobs.”
</blockquote>
The new amendments would make it possible for the BC government to prohibit, restrict or regulate service to crypto miners. BC has some of the lowest commercial and industrial electricity rates in North America.
Magazine: <a href="https://cointelegraph.com/magazine/crypto-city-ultimate-guide-vancouver/" rel="noopener noreferrer nofollow">Crypto City: The ultimate guide to Vancouver</a>

Crypto miners face energy refusal, restriction in Canadian provinces

Cointelegraph

2024년 4월 22일에 게재된 다른 기사

Qtum Foundation Pilots 10K Nvidia GPUs to Power $500 billion Blockchain AI Sector

Dogecoin Shows Its Classic Pattern Once Again: Analyst Shares Next Target For DOGE

Bitcoin NFTs Start The New Week Up 70% – Here’s The 10 Top Selling BTC NFTs Today

Bitcoin Halving Impact: $206M Outflows from Blockchain Stock

Vitalik Buterin Concerned about FISA Section 702 Updates

747,000 BTC Bought at Crucial Bitcoin Demand Zone: Details

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!