Post
Topic
Board Bitcoin Discussion
Re: Canada Continues to Attract More Crypto Mining Companies
by
CryptoBry
on 12/03/2018, 05:19:03 UTC
Energy prices in Canada are relatively low, compared to most developed countries: https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/

Also, keep in mind these are national averages. Some parts of Canada have substantially lower prices than this average. Also, the energy grid is very stable and reliable. This makes Canada an attractive destination for miners.

I heard of the same thing. The availability of cheaper energy is making many parts of Canada as an attractive destination for many Bitcoin mining operations. I do hope that Canada will recognize this good opportunity and will not be doing some unnecessary moves that can severely restrict this burgeoning industry. in order not to compete with the consumer market of the power available, mining should only be allowed if there is an excess power available...this is the best way to avoid frictions and problems for all parties involved. After China, we are now seeing many countries who willingly absorbed what China rejected.