Quebec has suspended the issuance of permits to mining companies

Quebec has suspended the issuance of permits to mining companies


The authorities of Quebec entered a moratorium on delivery of permissions for operations on the booty cryptocurrency, Reuters reports.

The Canadian province known for the cheap hydropower stopped the start of new mining projects officially, to work out stricter rules for them. Thus, authorities of Quebec intend to enter new limitations and, in particular, promote tariffs on electric power for mining companies.

In addition, a state company Hydro Quebec, fourth on volumes supplier of electric power in the world, intends to limit accessible miners powers to 500 mW.

Hydro Quebec appealed to Power advice of the city with a request to enter new rates, to “maximize the acuests producer energy”.

It is the not first case, when Quebec halts delivery permissions for the mining cryptocurrencies. In March of this year Hydro Quebec for a short time stopped registration of mining companies, alluding to that plenty the energy is required them, and if every such project will be approved, she will not be able to satisfy demand.

Due to new rules Hydro Quebec will be able to choose the best companies for development of region. According to the representative company Eric Filion, it will help a province to develop an economy, not promoting the charges her habitants on electric power.

We will remind, the Canadian province attracted Quebec attention miners after a publication about a businessman Jonathan Bertrand, that reconditioned storage on the outskirts of Montreal in a valuable “farm” with 50 computers for the booty cryptocurrency.

In January of this year possibility opening  data center in Quebec was examined by the largest producer of mining equipment Bitmain.

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