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nationalobserver.com/2024/02/0

A cryptocurrency firm has lost a bid to force BC Hydro to provide the vast amounts of power needed for its operations, upholding the provincial government's right to pause power connections for new crypto miners.

Conifex Timber Inc., a forestry firm that branched out into cryptocurrency mining, had gone to the B.C. Supreme Court to have the policy declared invalid.

@NorthernInvader "Conifex...believe that the provincial government is missing out on opportunities available to improve energy affordability, accelerate technological innovation, strengthen the reliability and resiliency of the power distribution grid in B.C., and achieve more inclusive economic growth," the statement said. <--Bullshit. Conifex using a large chunk of the power & doing nothing to create more is only beneficial to their company and its' investors, not the people in B.C.

@Christmas_Snow yup and with the current drought (I've lived here in the West Kootenays since '97 and I've never seen the Columbia River this low) we don't need the power we have going to that nonsense.

@NorthernInvader i remember watching on the news one night (around the time when the salmon run would've been happening) that water levels were so low in one area that people had to scoop up the fish in a net to help them get upstream! 😔 You guys definitely don't need a company there that's just out to rob the resources and do nothing else for the people who live and work there. Let them take their stupid operation somewhere else (hopefully not Ontario😬).

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