However, there is a large bitcoin mining operation in south China that uses hydropower in the summer months — which helps green the industry.
For example, if you plug in your electric car or mining computer in British Columbia, you will be using green energy, such as hydropower.
Bitfarms, one of the largest cryptocurrency mining firms in Canada, operates five of its warehouses in Quebec.
There are benefits for miners using hydroelectricity in the province, Côté said. Not only does it bring in revenue for the province, but it also is a more environmentally-friendly way to mine the coin, rather than using natural gas or coal.