What is the best spot for a Bitcoin farm in Canada?

What is the best spot for a Bitcoin farm in Canada?

They do it in British Columbia, Quebec, Manitoba, Alberta, and Labrador – bitcoin miners in Canadian provinces benefit from the country’s cold climate and abundant hydropower resources. A number of provincial governments offer lower rates to attract bitcoin miners and the Labrador government is considering energy incentives to attract what it says are “outstanding service requests” from Bitcoin and other hash centers . The province of Quebec was so overwhelmed by the demand for bitcoin miners that it put the entire sector under a moratorium that had been in place for more than a year, at the time of writing this article. Labrador, an isolated and picturesque eastern province, is too far from major markets to thrive economically once forests and fisheries are exhausted, and the province has a lot of hydroelectric power, including two huge hydroelectric dams producing energy – Churchill Falls and Muskrat Falls. Dams, which could make sense in a resource-based economy, are now financial and environmental liabilities, and governments are struggling to justify spending such as the Labrador Project Mortgage in Muskrat Falls, which is still in danger. construction. The Labrador government says paying for Muskrat Falls (which cost $ 12.7 billion in construction) is one of its biggest challenges, with about $ 726 million in Canadian capital needed to meet the cost of operating the first year

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