Canadian Province Bans Crypto Mining Amid Unprecedented Electricity Demand

This week, the government of British Columbia announced it will permanently ban new cryptocurrency mining connections to the province’s electricity grid to protect the power supply. The move makes Canada’s third-largest province a non-viable location for new grid-connected mining facilities. It also signals that existing crypto miners will find it nearly impossible to expand their operations.   Permanent End for Grid Crypto Expansion British Columbia is moving to make its temporary restriction on new cryptocurrency mining connections a permanent ban, according to legislation introduced this week source: https://beincrypto.com/british-columbia-canada-bans-crypto-mining/