The government of Quebec decided not to limit the consumption of electricity for miners

Date:

2018-06-03 21:15:05

Views:

3401

Rating:

1Like 0Dislike

Share:

The government of Quebec decided not to limit the consumption of electricity for miners Source:

At the end of the week, the government of Quebec the decision to introduce a moratorium on the sale of electricity to miners. The message of the city hall said that the authorities intend to take mining cryptocurrencies under control to prevent illegal enrichment of residents.

Now officials have changed their position, the miners will be able to use electricity, because their activities are "beneficial to the economy of the region." This writes the .

the

Where is mine

the New rules allow you to use unlimited energy for cryptocurrency mining. There is one condition — during the peak mining hardware will be disabled forcibly. According to the government, the equipment will not function 100-300 hours a year.

mining beneficial effect on the economy of the region: the opening of the new farms creates jobs for employees of future production and future builders. In addition, the legalization of cryptocurrency mining puts Quebec at the head of the list of territories to adopt digital money at the stage of their formation.

Quebec popular among miners because of the cheap electricity. Electricity is produced from renewable sources: through the work of 63 hydroelectric power plants, it costs significantly less than in other areas of Canada. In addition, the miners their actions do not harm the environment.

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Divorce for millions: hackers sent out fake links from mailbox EOS

Divorce for millions: hackers sent out fake links from mailbox EOS

Block.one was under attack by hackers, reports . The attackers sent fake emails to investors EOS with the primary mailbox of the company. the Hackers stole bitcoin Recall, ICO, EOS lasted about a year, and recently the command Blo...

CRYPTOMACH / Divorce Russian

CRYPTOMACH / Divorce Russian "from Bitmain", hardwork Ethereum Classic and the identity of Satoshi Nakamoto

Behind another week — this time partly the summer. She remembered the long-awaited fork ETC and freezing of funds on the stock exchange Poloniex. Parse the main events in Cryptoimage. the Exchange Poloniex has frozen the assets wi...

Japanese Corporation offers loans with a Deposit of bitcoin

Japanese Corporation offers loans with a Deposit of bitcoin

the Company Abic Corporation announced the issuance of loans backed by cryptocurrency. This is the first service in Japan with the possibility of bail crypt, reports . the a Loan in bitcoin for the mountains Abic Corporation found...

Mining on the farm: how farmers are breaking the law in pursuit of cheap electricity

Mining on the farm: how farmers are breaking the law in pursuit of cheap electricity

In pursuit of profit, small private mining farm and large enterprises often overstep the law. Due to the fall in the capitalization of cryptocurrencies compared to the end of 2017, the miners are trying to cut costs — and for this...

Time spares no one: as are the 10 largest altcoins of 2014

Time spares no one: as are the 10 largest altcoins of 2014

Eight of the ten largest in 2016 cryptocurrency exchanges fell back below or in the list in trading volume, and their place was taken by the new company. Now let's see find out how to change the indicators altcoins that were in th...

EOS price increased after the launch of minneta. Honest if this growth?

EOS price increased after the launch of minneta. Honest if this growth?

early In the week analysts Vulcan 360 security code coins EOS critical vulnerability. The vulnerability could allow remote malicious code and therefore provide complete control over the network nodes. It was quickly eliminated, ho...

Estonia cancels plans to launch a national cryptocurrency

Estonia cancels plans to launch a national cryptocurrency

the Reason for the cancellation of the country's plans to release Estcoin was the criticism of the President of the ECB, Mario Draghi. Development of possible ways of integration of the crypts in a public process was conducted fro...

Below will not be: experts predict the growth of Bitcoin prices

Below will not be: experts predict the growth of Bitcoin prices

After the looming threat of falling Bitcoin price finally rebounded from the support level just above $ 7,000. Analysts of Fundstrat Global Advisors declare that we will not see significant discharges of course of crypts in the ne...

The first mobile wallet in the network Lightning Network appeared on Android

The first mobile wallet in the network Lightning Network appeared on Android

the First Bitcoin wallet with full support for Lightning Network appeared in Google Play on may 31. App Lightning Wallet is a fully working Lightning-Noda, which provides on-chain and off-chain transactions in the network. It is r...

Nobel laureate: smart contracts Ethereum useless and vulnerable

Nobel laureate: smart contracts Ethereum useless and vulnerable

In early may, a prominent economist and Professor at new York University's Nouriel Roubini that all the talk about decentralized digital money— "just nonsense", and the blockchain is a "publicized an Excel spreadsheet". Now a crit...

In the Netherlands, will create a laboratory for the study of the mining of cryptocurrencies

In the Netherlands, will create a laboratory for the study of the mining of cryptocurrencies

the Dutch data center ITB2 created a laboratory of mining Bitcoin and Ethereum. The new Department will test the impact of blockchain technology on the global electricity consumption and infrastructure. the a Study of Bitcoin mini...

Why Bitcoin will live when you die Visa and Mastercard

Why Bitcoin will live when you die Visa and Mastercard

Representatives of payment systems VISA and Mastercard often criticized by the cryptocurrency. The main arguments unnecessary electricity expenses miners and a small transaction throughput. For example, the Ethereum network of 20 ...

To what level will rise Bitcoin? The forecast of the trader

To what level will rise Bitcoin? The forecast of the trader

the Last three days, Bitcoin behaves relatively smoothly. The maximum rate of coins made 7682 dollar, and the minimum — 7361 dollar. Capitalization during this period jumped from 125 to 131 billion dollars. Opinion on the current ...

What will happen to Bitcoin exchange rate after halving in 2020? Version analysts

What will happen to Bitcoin exchange rate after halving in 2020? Version analysts

Bitcoin mining unprofitable due to the falling exchange rate of the coin — the profit of the owners of the farms exceed the costs only 6 percent, mentioned in the March study Fundstrat. And although analysts promise the growth rat...

Do startups: Binance will create an investment Fund of one billion dollars

Do startups: Binance will create an investment Fund of one billion dollars

the First volume of trading the crypto currency exchange has announced the creation of a private investment Fund, said . The new organization will be used Binance for large investments in the bitcoin and blockchain startups. the E...

You can not win, lead: the Central Bank can create his own cryptocurrency

You can not win, lead: the Central Bank can create his own cryptocurrency

currently, the cryptocurrency is considered a serious threat to banks. They can just put them out of business. Dong Hae, Deputy Director of the Department of foreign exchange markets the International Monetary Fund, insisted on th...

Customers complain of problems with Antminer B3. What's wrong?

Customers complain of problems with Antminer B3. What's wrong?

Under a barrage of criticism came last ASIC Antminer B3. Chinese customers complain about inaccurate information in the advertising of goods and poor service quality control Bitmain. Recall that the issued equipment is designed sp...

The end of may: the highest growth and the most rapid fall of cryptocurrency

The end of may: the highest growth and the most rapid fall of cryptocurrency

outside the window already not may. Many sighed with relief, because the month was not very easy for the holders of the cryptocurrency. The most popular coins were showing terrifying fluctuations. Thanks coincodex of the top 50 co...

It's about time: the Estonian company has filed a lawsuit against Pavel Durov

It's about time: the Estonian company has filed a lawsuit against Pavel Durov

a Successful ICO Telegram attracted to the company a lot of attention, and it's not only the investors but also fraudsters. Latest fake sites and tried to make money by selling tokens. Piece of cake now wanted of the company Pavel...

Mastercard will implement the blockchain in their loyalty program

Mastercard will implement the blockchain in their loyalty program

In mid-April payment system Mastercard to hire 175 developers, among whom were specialists in a distributed registry. New employees will create a more efficient payment solutions, including on the basis of the blockchain. A month ...