B.C. set to limit flow of electricity to cryptocurrency miners

📆 4/12/2024 1:23 AM
📰 TerraceStandard

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Ministry of Energy says cryptocurrency miners consume massive amounts of electricity

British Columbia is proposing legal changes that would allow the government to regulate the supply of electricity to cryptocurrency miners.

It says the legislative amendments would allow the government to prohibit or restrict provision of electricity to cryptocurrency miners because “unchecked growth” of the sector could make it challenging and more costly to provide electricity to homes and other businesses. The statement says 21 projects, requesting a total of 11,700 gigawatt hours of power per year, were temporarily suspended from receiving power.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

B.C. set to limit flow to electricity to cryptocurrency minersMinistry of Energy says cryptocurrency miners consume massive amounts of electricity
Source: TerraceStandard - 🏆 24. / 68 Read more »