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Canada Quebec Bitcoin Mining by Block.
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Canada Quebec Bitcoin Mining by Block.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Currently, Hydro-Quebec holds a monopoly on power and by the way that it looks, they are judging that the opportunity cost of not allocating the power to miners is lesser than having potentially unstable clients on their grid. Canada boasts extensive infrastructure for hydroelectric power, some of which is standing to be revitalized and used to facilitate Bitcoin mining, bolstering local economies in the process. Bullish group is majority owned by Block. Hydro-Quebec's plan called for the Regie de l'energie, or Canada Energy Regulator , to suspend the allocation of a megawatts MW already planned for the industry.
