Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

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The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations. In addition, several crypto-related proposals have been submitted including one that requires crypto firms to bid for power. Also read: Yahoo! Japan Confirms Entrance Into the…

Quebec Halts Crypto Mining Approvals As New Rules In Progress

Quebec Halts Crypto Mining Approvals As New Rules In Progress

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Quebec announced on Thursday that it has halted approvals for new cryptocurrency mining operations and may raise energy costs for firms.