Canada’s British Columbia To Stop New Crypto Miner Connections To Renewable Energy
Canada’s British Columbia will stop accepting new connection requests from new crypto mining projects to its clean and renewable energy infrastructure. An Oct. 20 statement , the province said there will be a “permanent ban on new BC Hydro connections to the electricity grid” for crypto miners that will come into effect later this year. That follows an 18-month ban that was rolled out back in December 2022. This was done so that the government could take the time to develop a permanent framework that balances the needs of crypto miners, residents and businesses in the region. In the announcement, the British Columbia government also said that the crypto mining sector’s “disproportionate energy consumption” offers “limited economic benefit.” That’s as pending crypto projects would have demanded more than 11,700 gigawatt-hours of power each year, which is enough electricity to supply hundreds of thousands of homes across British C...