Vancouver-based Green Block Mining has been ordered to pay more than $400,000 in penalties and legal expenses for running unsanctioned cryptocurrency mines in Sturgeon County, Westlock County and southern Alberta.
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The Alberta Utilities Commission has ordered a Vancouver Company to pay hundreds of thousands of dollars for operating power plants without approval and one of them was right here behind me in Sturgeon County these weren’t ordinary power plants they were Bitcoin mines in addition to this location Green Block mining formerly called link Global
Technologies was also running others in Southern Alberta and Westlock the company set up generators at this dormant natural gas well and using that power computer servers in four shipping containers mined the digital currency across this field residents started hearing noise from the plant and they weren’t happy about it 10 households
Complained to the commission saying the sound was affecting their sleep the company hadn’t told them they were moving in and it also had not gotten approval from the commission the commission investigated and following other enforcement orders it came to a settlement agreement with the company last month I think it’s it’s good that
The government cracked down on this illegal operations that’s not how things should operate we should not have somebody set up illegally such a big infrastructure project uh this is not right green block has agreed to pay nearly $350,000 in penalties plus $60,000 in legal fees for the commission’s
Enforcement staff that was supposed to be paid within 30 days and the company made a partial payment but still owes just over 200,000 the company told the commission it’s not currently solvent and raising money in BC to pay a regulatory fine in Alberta has been hard but green Block’s lawyer Gavin Fitch
Says the company intends to pay it all off he says Green Block accepts it made mistakes in Alberta and looks forward to putting this matter behind it mateline Cummings CBC News Edmonton
13 Comments
Thats why we had a electricity shortage
How does one mine a crypto currency ? Can we also mine paper money ? 😬 Isn't that called counterfeiting ?
Of course they're gonna pay it all off , they been mining money . I'm very happy to have been born long ago, so I don't even have yo learn about some of the garbage that people are scheming these days
Isn't the correct term cryptocurrency mining facility, rather than "mine"?
good idea but should've done better sound proofing
It's good the government cracked down? They should be doing this as a matter of course! Why allow criminals to operate until people get fed up?
Must be getting tough for cryptobros to shill their shitcoin to new people when every news story involving crypto has a scam involved in some way lol
Unusual energy ⚡ use skills be monitored and investigated as a matter of course for illegal Gertie opts, drug production etc…
We do need a non-debt based independent currency but not something that uses resources for no gain, something actually based on resources and goods….
I wonder if this creates a negative precedent for renewable energy communities operating in Alberta. Since the language seems to be about ‘operation of a power plant’
hopefully not, as long as the paperwork is in order
Not even a million in fines ?! That fine that they are slowly paying is a joke!That company will keep doing it and secretly operating more facilities
It takes 7 RTX 4070s or 17 3950x's to match a single space/ block heater in wattage consumption. 1500 watts.
Having 1 of each is about $3.20/ day AND a warm apartment.
Mining is good for your wallet AND the environment. More so woth solar energy since you're just putting back what the sun's giving you anyway. You can't avoid thermal dynamics.. and they think I'm gonna shut down my farm over an amber alert so ppl can charge their teslas. Hahahahaha
So they owe 7 Bitcoins? Nice lol