For the next 18 months, a state-owned power utility provider in the Canadian province of British Columbia, BC Hydro, is going to suspend all new power connection requests from cryptocurrency mining firms. The government of the province of British Columbia announced the development in a statement on 21 December, stating that this decision will allow […]
For the next 18 months, a state-owned power utility provider in the Canadian province of British Columbia, BC Hydro, is going to suspend all new power connection requests from cryptocurrency mining firms.
As per Josie Osborne, Minister of Energy, Mines, and Low Carbon Innovation, the step is aimed to preserve the clean energy it provides for the residents and businesses. There are 21 cryptocurrency mining projects that are, at the moment, requesting a total of 1,403 MW of electricity. However, new cryptocurrency mining projects will not be able to begin the process of power connection with BC Hydro, and projects at the early stages of the connection process will also be suspended.According to the Ministry, this equates to the energy required to power almost 570,000 residences or 2.1 million electric vehicles throughout the province each year.
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