If alberta can support the power consumption, I say go ahead. Canada needs the stimulus.
Keep in mind, most of our power comes from hydro, which is waterfalls. Before anyone starts screaming about how we're destroying the earth and taking away your childhood.
Which would come up and burn sooner or later anyway by natural cause, unfiltered.
It's for the best to dig it up and burn it using proper filtration and spread the emission.
If it get's too expensive, the miners will move anyway. And let's not forget, mining isn't linear like a central bank. You could in theory do all the mining (verification) on just one computer. But with $3M per hour to be made and anyone can take a part of that cake, people won't just sit back "for the environment" and watch someone else taking all of it.
I wouldn't call volcanoes and earthquakes "a slow and steady process" tho, not compared to a western coal power plant or a combustion car. Also Quebec would have a hard time enforcing that as it's impossible to tell what the power is actually used for.
Such ban could even be a good thing as people would mine in small scale as mining was intended to be, rather than in big mining warehouses.
If alberta can support the power consumption, I say go ahead. Canada needs the stimulus.
Keep in mind, most of our power comes from hydro, which is waterfalls. Before anyone starts screaming about how we're destroying the earth and taking away your childhood.
Not in Alberta.
https://www.cer-rec.gc.ca/en/data-analysis/energy-markets/provincial-territorial-energy-profiles/images/ab-fg02-lg-eng.png
Over 90% of energy produced in Alberta is either through coal or natural gas.
Which would come up and burn sooner or later anyway by natural cause, unfiltered.
It's for the best to dig it up and burn it using proper filtration and spread the emission.
If it get's too expensive, the miners will move anyway. And let's not forget, mining isn't linear like a central bank. You could in theory do all the mining (verification) on just one computer. But with $3M per hour to be made and anyone can take a part of that cake, people won't just sit back "for the environment" and watch someone else taking all of it.
It would be a slow and steady progress in this case. Currently it's the opposite.
Alberta will do the same thing as Quebec (where electricity is even cheaper). They will put on restrictions on crypto mining.
I wouldn't call volcanoes and earthquakes "a slow and steady process" tho, not compared to a western coal power plant or a combustion car. Also Quebec would have a hard time enforcing that as it's impossible to tell what the power is actually used for.
Such ban could even be a good thing as people would mine in small scale as mining was intended to be, rather than in big mining warehouses.
Thanks for the correction! I had no idea!