Big Chinese crypto mining players are downshifting their game. ViaBTC closed their cloud contract market as of today, and signs of other mining facilities looking for greener pastures are strong.
So strong, that it shows even in the place you at least expect this to show: Canada. It wasn't very obvious that Canada has low energy prices, but apparently they have. In a long and detailed story published by Coindesk, Quebec leads the pack in the efforts of attracting data centers and, recently, crypto miners, on their premises.
One tiny detail that stroke me from that article is that the energy companies are charging differently for the same energy unit, based on the type of your business: if you plan to build a data center, you get energy cheaper, because you will create more jobs and have a lower environmental foot print, but if you plan to mine Bitcoin, you get it slightly higher (but still way cheaper than in other parts of North America) because you won't create that many jobs.
Even in these conditions, it seems that we are witnessing one of the biggest tech-driven business migration of the last decade.
I wonder what would happen if someone will cover Sahara with solar panels.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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