The Currency Analytics
By Steven Anderson
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…
The current cryptocurrency market is all green with the price of most of the cryptocurrencies with even TCAT tokens doing well.
Hydro-Québec, the energy regulator in Canada’s Quebec’s province has allocated 300-megawatt of electricity for mining cryptocurrency.
The LRQ stated that they have excess electricity to spare for the operations of the mining industry, therefore, providing for lower tariffs.
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…
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…
The LRQ is looking to establish Canada as one of the major destinations for the cryptocurrency miners.
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.
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…
This is a situation that miners were looking for. The lower tariffs will support cryptocurrency miners to continue with their mining operations.