Canada is becoming a "hot spot" for Bitcoin Mining. Both Canadian Companies and Foreign Investors are getting in on the action.
In particular, provinces in Canada; Quebec and Manitoba have very cheap electricity costs and an abundant amount. This is even bringing players from the USA across the boarder to benefit from the cheaper electricity rates.
But there's more....
Canadian Oil and Gas companies are getting into the mix too. This is a stacked...."layered" play....where the value of adding on a Bitcoin Mining Operation is an added benefit....something that can be done without too much effort to increase profit revenues. Why this works so well is because the oil and gas companies generate so much energy with their basic operations as is - it's possible to channel a portion of the gas energy into electricity to feed the bitcoin mining network.
Essentially, some oil and gas companies in Canada are adding Bitcoin Mining to their network operations as an added resource generator...where it becomes a sort of "flip the switch" kind of operation...where based on other activities...the power committed to Bitcoin mining can be increased or decreased. It's really a point of these companies becoming more efficient in managing the resources at their disposal for best benefit of the company.
As support in China for Bitcoin Mining wavers in the wind - more players are contacting various titans of industry in Canada to discuss the particulars in setting up shop over here.
Might be worth your while to HODL a bit of Bitcoin for the Long Term.
Remember,
Every little Bit counts!
Source - Bitcoin Mining Electricity in Canada
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