Quebec Attracts Cryptocurrency Miners With Inexpensive Power

Quebec is increasingly becoming a location of interest for bitcoin miners. The Canadian province offering inexpensive electricity and cold winters providing inexpensive cooling.

A Young Canadian Entrepreneur Told Local Media That Quebec Is Becoming a Hotspot for Mining

Mr. Bertrand runs approximately 50 ASICs in a warehouse on the outskirts of Montreal. Each unit consumes approximately 90¢ CAD (roughly 70¢ USD) daily, yet can produce a revenue of approximately $600 CAD ($470 USD) monthly. The inexpensive power costs are attributed to an abundance of hydropower in the province, which, Mr. Bertrand claims, is attracting the interest of major mining companies from China and Iceland…

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