The provincial government of New Brunswick has directed N.B. Power to halt the provision of electricity to bitcoin mining businesses, citing concerns over strained generating capacity. In response to an escalating strain on the current power supply due to the substantial electricity consumption of cryptocurrency mining operations, Minister of Energy Mike Holland introduced a bill on Tuesday to extend the existing moratorium indefinitely.
According to Holland, the significant power draw of the cryptocurrency sector necessitated the ban to safeguard the existing rate base and ensure adequate capacity.
Challenges Faced by Utility and Concerns over Increased Demand
Rising demand for electricity triggered the move, which will go into effect in March 2022, when the utility will secretly stop supplying power to any new crypto facilities.
Companies like Hive Blockchain Technologies and Chief Fuels, which use a lot of electricity to mine Bitcoin, are particularly affected by the prohibition. Compliance with federal climate standards and the aging of power plants put a burden on the present producing capacity, and crypto mining just adds to that.
The tenuous equilibrium between supply and demand was recently shown by N.B. Power’s near-misses with energy shortages in February and July. Despite the ban’s good intentions to reduce strain on the power system, opposition leader Susan Holt has called for prudence in regulating a sector that uses so much energy while producing so few jobs.
Holt voiced worry about knock-on effects and questioned the criterion for giving electricity preference to specific businesses.
clomid price walmart how can i get generic clomid without prescription clomiphene medication where can i buy clomiphene no prescription buying cheap clomiphene pill buy clomiphene price can i buy cheap clomiphene without prescription
Proof blog you be undergoing here.. It’s intricate to on elevated status article like yours these days. I truly appreciate individuals like you! Go through guardianship!!
Good blog you possess here.. It’s severely to espy elevated calibre article like yours these days. I really appreciate individuals like you! Go through care!!
azithromycin oral – order azithromycin 250mg for sale buy flagyl 400mg generic
buy semaglutide without prescription – cost semaglutide 14mg oral periactin 4 mg
propranolol sale – buy generic propranolol cost methotrexate 5mg
order amoxil – diovan 160mg cost order generic ipratropium 100 mcg
how to get azithromycin without a prescription – azithromycin 250mg us bystolic over the counter
esomeprazole 40mg pills – https://anexamate.com/ esomeprazole 40mg price
buy warfarin 5mg pill – https://coumamide.com/ losartan for sale online
buy meloxicam paypal – tenderness mobic 15mg ca
deltasone 20mg for sale – corticosteroid deltasone 5mg tablet
where to buy ed pills – buy generic ed pills where to buy over the counter ed pills
buy amoxicillin – combamoxi amoxil sale
cheap forcan – https://gpdifluca.com/ forcan brand
order cenforce 50mg – order cenforce generic order cenforce 50mg online
cialis onset – cialis tadalafil tablets cialis free trial voucher 2018
pharmacy 365 cialis – on this site overnight cialis delivery
ranitidine without prescription – https://aranitidine.com/# order zantac 150mg pills
viagra buy switzerland – https://strongvpls.com/ sildenafil 50 mg cost
I couldn’t resist commenting. Profoundly written! como tomar cenforce
With thanks. Loads of knowledge! https://buyfastonl.com/
More text pieces like this would create the web better. https://ursxdol.com/ventolin-albuterol/