Hydroelectricity

The site furthers the company’s goals of providing mining hosting services to a retail audience using sustainable power sources.

A renewable energy mix of solar, wind and hydropower will improve bitcoin mining profitability while helping efforts to combat climate change.

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

Chinese regulators in Inner Mongolia have issued a notice calling for a stop to bitcoin mining operations in the region.

Bitcoin mining company Bitfarms is taking advantage of Québec’s hydropower and new Chinese mining equipment to expand operations.

Rampant flooding in China’s Sichuan province has had a catastrophic effect on some of the world’s leading bitcoin mining operations.

According to CoinShares’ latest biannual mining report, the vast majority of bitcoin mining power comes from renewable energy sources.

Although China has shut down bitcoin trading platforms, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, especially along the Dadu River, where there is plenty of hydropower.

“With green hydroelectricity at a competitive price, innovative universities and this recent decision by the Energy Board that clearly supports the [mining] industry, Québec has all the ingredients to become a blockchain hub,”

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.