Despite the Bitcoin mining industry making considerable progress and growth over the last year, Canada’s British Columbia province prefers to look the other way around. Lawmakers in BC are planning crypto mining operations amid their excess use of electricity.
BC Cracks Down On Crypto Mining Operations
The Energy Minister of British Columbia, Josie Osborne, declared on Thursday, April 11, that the province is not willing to pursue additional large-scale projects to cater to private cryptocurrency miners. Instead, the focus is on ensuring sufficient electricity infrastructure for the province’s future, in collaboration with BC Hydro. Osborne emphasized the importance of regulating electricity services for energy-intensive cryptocurrency miners, given their limited local job creation.
BC’s abundant hydroelectric energy resources have attracted Bitcoin mining activities, characterized by the operation of powerful computer arrays round-the-clock. In late 2022, the province halted all
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