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posted by Fnord666 on Friday February 09 2018, @07:43AM   Printer-friendly
from the forestry-and-mining-and-crypto,-oh-my dept.

Reuters reports: https://www.reuters.com/article/us-crypto-canada-mining/as-cryptominers-eye-quebec-forest-companies-see-opportunity-idUSKBN1FR2PM

At least two Canadian forestry companies are reviewing offers by cryptocurrency miners who want to lease excess mill space in Quebec, a province where electricity prices are among the lowest in North America.

Resolute Forest Products and Fortress Global Enterprises said they have received interest from Canadian and foreign cryptominers, although both cautioned their talks are preliminary.

"They want space and cheap power," Chad Wasilenkoff, chief executive of British Columbia-based Fortress Global, said. U.S. miners are interested in space at the company's Quebec dissolving pulp mill, he added.

[...] Miners are looking at the pulp and paper industry because their facilities are already equipped to meet the needs of the energy-sapping cryptomining industry.


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  • (Score: 0) by Anonymous Coward on Friday February 09 2018, @11:56AM (5 children)

    by Anonymous Coward on Friday February 09 2018, @11:56AM (#635471)

    Mother Earth cries.

    • (Score: 4, Insightful) by FatPhil on Friday February 09 2018, @12:10PM (2 children)

      by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Friday February 09 2018, @12:10PM (#635475) Homepage
      Plants are more replaceable than fossil fuels.

      Mother Earth pours lava flows all over herself, and blasts ash over thousands of square kilometers, choking all lifing things in the process, she floods once fertile areas, she's basically irresponsible. A bit of speculative forestry isn't even a shaving cut.
      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
      • (Score: 4, Insightful) by bob_super on Friday February 09 2018, @06:32PM

        by bob_super (1357) on Friday February 09 2018, @06:32PM (#635638)

        "Dude, why does your kid smell like you rubbed it with raw onions?"
        "He crapped in the diaper, so I decided it doesn't matter what I do"

      • (Score: 1, Insightful) by Anonymous Coward on Friday February 09 2018, @07:51PM

        by Anonymous Coward on Friday February 09 2018, @07:51PM (#635671)

        Plants are really the only sustainable long term resource we have available. If we can get into space and start reliably harvesting material, maybe that won't matter so much, bit for now there's really no other option.

    • (Score: 3, Insightful) by DannyB on Friday February 09 2018, @08:06PM (1 child)

      by DannyB (5839) Subscriber Badge on Friday February 09 2018, @08:06PM (#635676) Journal

      Crying solves nothing. Mother Earth should take action to do something about it. Sinkholes. Earthquakes. Lightning. Tornadoes. Volcanoes. Tsunamis. Justin Bieber music. I suppose asteroids are out of her jurisdiction.

      Force them to only mine sustainable crypto currencies with renewable recyclable bits.

      Just a domesticated Peeve, but every time I hear someone talking about crypto currency and calling it "crypto" I think they are an idiot.

      In the end, I think we're going to look back at all types of crypto currencies and realize what a vast waste of resources it was. Even worse than Facebook or Twitter.

      --
      People today are educated enough to repeat what they are taught but not to question what they are taught.
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