Crypto craze has Hydro-Québec CEO’s phone ‘ringing off the hook’ | Montreal Gazette

["Dave Farber" <dave () farber net>]

---------- Forwarded message ---------
From: José María Mateos <chema () rinzewind org>
Date: Thu, Mar 1, 2018 at 8:40 PM
Subject: Crypto craze has Hydro-Québec CEO’s phone ‘ringing off the hook’ |
Montreal Gazette
To: Dave Farber <dave () farber net>


Hi Dave,

For IP, if you want.

We have the cheapest electricity prizes in North America, so bitcoin miners
are developing an interest in coming here to burn their GPUs.

http://montrealgazette.com/business/local-business/crypto-craze-has-hydro-quebec-ceos-phone-ringing-off-the-hook

---
For Hydro-Québec, the bitcoin boom may be too much of a good thing.

Canada’s biggest electric utility has been inundated with requests to
supply electricity to cryptocurrency miners eager to set up shop in Quebec
— more than it can deliver.

Chief executive officer Eric Martel has “received hundreds of applications”
from such ventures in the past few weeks, which would need more than 9,000
megawatts of energy — about one-quarter of the utility’s total generating
capacity of 37,000 megawatts. Hydro-Québec said last month it was in talks
with more than 30 cryptocurrency companies.
---

Cheers,

--
José María Mateos
https://rinzewind.org/blog-es || https://rinzewind.org/blog-en



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