Regulations
By Steven Anderson
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Robert Sluymer, Fundstrat analyst recently stated, “While it’s premature to conclude Bitcoin will not retest support near $4,300, we would encourage traders and investors to…
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The current cryptocurrency market is all green with the price of most of the cryptocurrencies with even TCAT tokens doing well.
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Hydro-Québec, the energy regulator in Canada’s Quebec’s province has allocated 300-megawatt of electricity for mining cryptocurrency.
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The LRQ stated that they have excess electricity to spare for the operations of the mining industry, therefore, providing for lower tariffs.
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In a press statement, the LRQ stated, “The creation of a reserved block and the requirement to curtail electricity use during peak hours at Hydro-Québec’s request (up to a…
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When it comes to metrics involved in mining cryptocurrency, deciding on the miner’s profit/loss ratio, it will be possible for miners to validate blocks for lower transaction…
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The LRQ is looking to establish Canada as one of the major destinations for the cryptocurrency miners.
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China’s potential Bitcoin ban is an opportunity for Quebec to catch up on the opportunity it already missed in becoming the best Bitcoin exporter in the world.
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Francis Pouliot stated, “If Quebec had kept electricity rates low for Bitcoin miners five years ago with clear regulations/guarantees (it’s the now) we’d currently be top 3…
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This is a situation that miners were looking for. The lower tariffs will support cryptocurrency miners to continue with their mining operations.
The Currency Analytics
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