British Columbia became Canada’s third jurisdiction to be established. Cryptocurrency mining limits.
According to Josie Osborne, British Columbia’s Minister for Energy, Mines and Low Carbon Innovation, the state will allow new connections to the power system for 18 months as a way to protect the power of electric vehicles and heat pumps. plug.
British Columbia also wants to support businesses and industries working on electrification projects that reduce carbon emissions and create jobs and economic opportunity.
Utility companies in Quebec and Manitoba have imposed similar restrictions on the sector, citing strong demand for electricity.
According to an official post on British Columbia’s website, 21 projects in the province require a total of 1,403 megawatts (MW), which is enough to power nearly 570,000 homes or 2.1 million electric vehicles. equivalent to the energy required to supply
“cryptocurrency mining It consumes a lot of electricity to run and cool banks of high-performance computers 24/7, while creating very few jobs in the local economy,” said Osborne.
“Suspending power connection requests from. Cryptocurrency Supporting miners to keep power supplied to those switching to electric vehicles and heat pumps, as well as businesses and industries working on electrification projects that reduce carbon emissions and create jobs and economic opportunities. I need to,” she added.