All I'm saying is that massive centralized mining businesses are hurting the decentralization of the blockchain. Hence, such ban ain't necessary bad for crypto as concept.
Besides, if you wanted to build a massive mining business, because apparently $200k per year in individual mining ain't enough, you wouldn't build it in Canada anyway, you'd build it anywhere the electricity is cheap, preferably in a cold place where cooling is cheap as well.
Electricity in Quebec is extremely cheap and the climate is cold. The cheapest rate is 6 cents per kWh. 6 Canadian cents. That's less than 5 US cents. You don't get that anywhere in the US for example.
All I'm saying is that massive centralized mining businesses are hurting the decentralization of the blockchain. Hence, such ban ain't necessary bad for crypto as concept.
Besides, if you wanted to build a massive mining business, because apparently $200k per year in individual mining ain't enough, you wouldn't build it in Canada anyway, you'd build it anywhere the electricity is cheap, preferably in a cold place where cooling is cheap as well.
Electricity in Quebec is extremely cheap and the climate is cold. The cheapest rate is 6 cents per kWh. 6 Canadian cents. That's less than 5 US cents. You don't get that anywhere in the US for example.
Which would make it optimal for a mining business, if high electricity usage wasn't banned. Their choice, and their loss.
Quebec doesn't lose much. Mining operations pay barely any taxes.
They make more profit by upping the price of electricity when they sell it to the Americans.