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Hydro-Quebec Mulls Higher Rates as Bitcoin Miners’ Demands Surge

The post Hydro-Quebec Mulls Higher Rates as Bitcoin Miners’ Demands Surge appeared first on CCN

Rising demand for Montreal’s low-cost hydroelectric power among bitcoin miners could spur higher electricity rates. Hydro-Quebec revealed it may consider hiking the cost for bitcoin miners given a flood of pent-up demand in the region, which would thwart the plans of bitcoin miners who depend on low rates for the massive amounts of electricity it requires

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The post Hydro-Quebec Mulls Higher Rates as Bitcoin Miners’ Demands Surge appeared first on CCN

 

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