British Columbia court upholds Bitcoin mining hashrate limit

PANews reported on March 14 that according to The Miner Mag, the British Columbia Court of Appeal upheld the provincial government's decision to restrict electricity use for Bitcoin mining operations and rejected the attempt of Conifex Timber, a Bitcoin mining hosting service provider, to obtain unlimited electricity use. The court supported BC Hydro, emphasizing that it prioritizes the public interest, protects the province's electricity supply and prevents consumers from increasing electricity prices. Concerns about the impact of cryptocurrency mining on energy consumption have led to restrictions on the industry in several Canadian provinces.

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Author: PA一线

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