British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations

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British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations
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With an 18-month moratorium on new crypto mining operations, British Columbia becomes the third Canadian province to curb the industry's energy usage. egreechee reports

The province wants to preserve electricity for"electric vehicles and heat pumps, and for businesses and industries that are undertaking electrification projects that reduce carbon emissions and generate jobs and economic opportunities," Josie Osborne, British

Columbia's minister of energy, mines and low carbon innovation, said in aCurrently, 21 projects are requesting a total of 1,403 megawatts in the province, equivalent to the energy needed to power approximately 570,000 homes, or 2.1 million electric vehicles, the post said.

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