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Author Topic: [2018-1-14]Canada could become the world's bitcoin mining capital  (Read 26 times)
hugeblack
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January 14, 2018, 12:40:27 PM
Last edit: May 13, 2019, 02:33:58 AM by hugeblack
 #1

LONDON — Canada is luring bitcoin mining companies to its shores as China, the current global hub of crypto mining, looks to crackdown on the sector's energy usage.

Several industry sources Business Insider spoke to this week said that bitcoin miners are thinking of moving to Canada after lobbying from the country's energy industry. Quebec specifically has been wooing bitcoin miners in the hopes of boosting local economies.

Reuters reported on Friday that Bitmain, the world's biggest blockchain mining company, is looking at moving operations to Canada and said utility company Hydro Quebec is in talks with around 30 large cryptocurrency miners about potential moves. BTC.Top, another major miner, is also setting up shop in Canada.

"We’ve seen a lot of movement towards Canada," Chris Keshian, the CEO of San Francisco-based Apex Token Fund, a fund of crypto hedge funds, told Business Insider. "The Canadian government is relatively friendly towards cryptocurrencies [and] energy is relatively cheap there."


Source: http://www.businessinsider.com/canada-quebec-bitcoin-miners-mining-2018-1?IR=T

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January 14, 2018, 01:15:27 PM
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I'll take any news that cuts down on all the mindless drivel we hear about the supposed "threat" from China, or how China are somehow "controlling" Bitcoin just because there's an above average amount of mining going on in that particular geographical region.  Or best of all, the genuine belief that each Chinese person is in direct communication with their government and willingly obeys everything they're told to do like some sort of Borg-esque hive-mind operating and colluding from behind the "great firewall".  If the same deluded individuals from those threads don't now start warning us about the imminent threat from Canada, I'll know they were just prejudiced bigots who can't even comprehend a world beyond their own decidedly limited life experiences.  The type of people who have to rely on what Fox News tell them about the world in order to have any opinion at all about anyone other than themselves.  I eagerly await the community's reaction to this news.   Cheesy

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