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Replying to Avatar Pierre

Quebec which uses primarily hydroelectricity has banned (or is planning to?) ban Bitcoin mining.

That’s silly. Hydroelectricity is cleaner. And new miners will just go somewhere else and might power their mines by coal. Quebec will spend less energy, but overall the planet will be more polluted than if the same miners were in Quebec. How is that better?

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Thomas Rossi 2y ago

Oh it’s not better for sure, also, since the energy is not used, the investments will be lower, in time this means lower power output for Quebec.. and macroeconomics will have no mercy: no power growth, no GDP growth

https://link.springer.com/referenceworkentry/10.1057/978-1-349-95189-5_3015

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