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Quebec realizes blockchains could fry their grid, ups rates


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 5 months ago '17        #1
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O1as 230 heat pts230
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Quebec realizes blockchains could fry their grid, ups rates
 

 

QUEBEC, CANADA — Access to Quebec's power grid is going to cost new cryptocurrency miners triple.

This week Quebec increased energy prices for new blockchain companies by 300 percent to 15 cents per kilowatt hour, reports Bloomberg. The province is powered entirely by renewable energy sources, and most of this comes from hydropower.

Bloomberg reports new blockchain energy requests would go beyond what Quebec can provide power for in the short and medium-term. State-owned provincial power administrator Hydro-Quebec will keep the rate in place for several weeks until a new power limit and pricing model is calculated.

5 comments for "Quebec realizes blockchains could fry their grid, ups rates"

 5 months ago '04        #2
mista_millz 2 heat pts
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wtf is a blockchain

 4 months ago '06        #3
Be Easy 3 heat pts
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power is the new oil crisis

so is water

 4 months ago '05        #4
Schavez98 7 heat pts
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Damn I wish my power was .15 a kw

 4 months ago '11        #5
bkamagnum 
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Everyone want in on that action

 4 months ago '17        #6
O1as 230 heat pts230 OP
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 mista_millz said
wtf is a blockchain
a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

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