The Canadian Ghost Town Taking a Gamble on Bitcoin

The video discusses the history of a company town that thrived due to a mill, which later closed, leading to the town's decline. A new form of mining, Bitcoin mining, emerged due to the availability of cheap electricity from a local dam. Greg Strebel, an 11th grader, represents the community's pride before the town's decline. The video explores the potential energy conflicts with Bitcoin mining and its limited economic impact on the town.

What was the primary reason for the decline of Ocean Falls?

• The rise of new industries

• A decrease in population

• A natural disaster

• The closure of the local mill

Who is Greg Strebel in the context of Ocean Falls?

• The mayor of Ocean Falls

• An 11th grader representing the town's spirit

• A historian documenting the town's history

• A local business owner

What was a significant factor that attracted Bitcoin mining to Ocean Falls?

• The availability of cheap labor

• The presence of a large dam generating excess electricity

• The proximity to major cities

• The town's historical significance

How did the local economy benefit during the construction of the Bitcoin mine?

• Permanent infrastructure improvements

• Temporary economic boost

• Increased tourism

• Long-term job creation

What is the power utility's approach to supplying energy to the Bitcoin mine?

• Providing unlimited energy

• Refusing to supply any power

• Severely limiting initial power supply

• Charging high rates for electricity