Feed: Slashdot
Feed Link: https://slashdot.org/
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Title: British Columbia to Permanently Ban New Crypto Mining Projects From
Grid

Link: https://hardware.slashdot.org/story/25/10/21/...

British Columbia is permanently banning new cryptocurrency mining operations
from connecting to its power grid to conserve electricity for industries that
generate more jobs and tax revenue. The province is also capping power
allocations for AI and data centers, while launching a competitive allocation
process in January 2026. CoinDesk reports: The move from the government of
Canada's third-most populous province is part of a broader legislative and
regulatory overhaul unveiled Monday [...]. "Government will also implement
several regulatory and policy changes in fall 2025 that will ... permanently
ban new BC Hydro connections to the electricity grid for cryptocurrency
mining to preserve the province's electricity supply and avoid the
overburdening of the electricity grid," the government said in a post on its
website The province said the restrictions will help prevent grid strain and
ensure industrial development is powered by clean electricity. "We're seeing
unprecedented demand from traditional and emerging industries," Charlotte
Mitha, the president and CEO of power utility BC Hydro, said in the web post.
"The province's strategy empowers BC Hydro to manage this growth responsibly,
keeping our grid reliable and our energy future clean and affordable." Crypto
mining operations often consume large amounts of electricity without creating
many local jobs or tax revenue, according to the statement. By contrast,
projects like mines or liquefied natural gas (LNG) facilities are seen as
more beneficial to the economy.

Read more of this story at Slashdot.

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