Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


Hydro-Quebec Issuing New Rules for Crypto Mining Electricity Usage

Hydro-Quebec Issuing New Rules for Crypto Mining Electricity Usage

Support free writers: > send a tip

written by

Hydro-Quebec has proposed new rules for cryptocurrency miners that are hooked up to their grid. Under the new rules, there will be a total of 500 MW set aside for cryptocurrency mining, and the rate will be hiked by at least 1 Canadian penny (CAD 0.01) for cryptocurrency miners. Additionally, Hydro-Quebec will be able to decrease or shut off electricity a maximum of 300 hours a year in order to meet demand of normal customers in a shortage situation. Hydro-Quebec operates 63 hydroelectric power stations which produce 36,912 MW combined, so only 1.35% of Hydro-Quebec’s total electricity will be allotted for cryptocurrency mining.

This is somewhat positive news since Hydro-Quebec had temporarily suspended requests for electricity from cryptocurrency miners on 7 June 2018, so that there would be enough electricity to fulfill its obligations to supply the entire province. Hydro-Quebec is a public utility that is owned by the government, so naturally, it would want to keep rates low for average citizens rather than let cryptocurrency miners cause province-wide rate hikes.

Even though cryptocurrency miners will experience a rate hike and only a limited number of miners will be allowed to set up shop in the province based on these new rules, at least the ban on applications has been lifted.

Over 100 cryptocurrency mining organizations had requested power from Hydro-Quebec, exceeding 10 TWh, which would have amounted to over 25% of Hydro-Quebec’s total output. Cryptocurrency mining companies will now have to apply and go through a section process, where details on how many jobs they are creating, how much investment money they are bringing into Canada, and how much they will be paying their Canadian workers will determine if they are granted electricity. Also, the companies can outbid each other by offering to pay more for electricity.

Hydro-Quebec says, “The goal of this process is to both maximize economic spinoffs for Quebec and revenue for Hydro-Quebec – in turn, pushing electricity rates down for customers.”

Quebec is one of the regions in the world that Bitcoin miners have been flocking to due to an abundance of cheaper electricity in the region, but now it appears miners will have to go elsewhere. The 500 MW set aside by Hydro-Quebec will only be enough to power less than 1% of global Bitcoin mining.


Follow on Twitter at

Telegram Alerts from at

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter