hydroelectric power

An old hydro-power station in the U.S. has started mining bitcoin to make three times as much money as selling the energy.

Where, why and how bitcoin mining operations are emerging.

A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract “outstanding requests for service” from bitcoin data processors.

Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. Since late 2018, the oil-rich Middle East country of Iran has become a hotspot for Chinese miners.

“Since the beginning Canada has been at the forefront of Bitcoin. I think the timing couldn’t be better for Canada to attract more bitcoin miners."

With access to the cheap, renewable energy, this bitcoin mine can operate with minimal costs and with neutral carbon emissions.