Is Quebec’s Big Picture to Become the Biggest Bitcoin Mining Market?6.2

Canada’s Quebec province is tapping the bitcoin mining market to improve its annual economic projections.

The region’s energy regulator, the Régie de l’énergie (LRQ), ordered public utility Hydro-Québec to allocate a 300-megawatt block of electricity to the blockchain industry. The move increased the total power supply granted for mining cryptocurrencies from 368 megawatts to 668 megawatts without touching the underlying costs. LRQ said it had excess electricity to spare for the mining industry operations, which would ensure lower tariffs.

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