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Quebec Lures Cryptocurrency Miners As China Sours On Industry

Quebec Lures Cryptocurrency Miners As China Sours On Industry

Quebec Lures Cryptocurrency Miners as China Sours on Industry Jan 10, 2018 at 05:00 UTC|UpdatedJan 10, 2018 at 22:15 UTC Quebec was fishing for tech giants but caught bitcoin miners. At least that's how David Vincent, business development director at electric utility Hydro Quebec, describes the results of a campaign launched in 2016 to lure the likes of Facebook, Amazon and Microsoft to build their data centers in the Canadian province. The sales pitch was simple: the province offers plentiful, cheap and renewable electricity, along with cold weather and a politically stable environment. And while Hydro Quebec has gotten plenty of bites from traditional data center operators, the company also quickly discovered those same traits are equally attractive for cryptocurrency mining operations. Nonexistent just six months ago, interest in Quebec from commercial-scale bitcoin miners has skyrocketed, Vincent said, amid the surge in cryptocurrency prices and political uncertainty in other jurisdictions. For Hydro Quebec, 35 cryptocurrency mining organizations are asking the company for information regarding connecting to the power grid there. Those companies now account 70 percent of the total wattage capacity in Hydro Quebec's development pipeline. In an interview with CoinDesk, Vincent said: "I have so much demand right now there's no need for marketing. Pretty much every day I have a new one." And sentiments from others suggest what Hydro Quebec is seeing now is just the tip of the iceberg. "Based on what I've seen in equipment purchase, real estate and power deals, things are exploding in Quebec," said Austin Hill, the former CEO of Blockstream, who is now investing in and backing some of the mining projects looking to Quebec. Cryptocurrency mining - the energy-intensive pr Continue reading >>

Quebec Bitcoin Mining [1st Edition] :

Quebec Bitcoin Mining [1st Edition] : "the Crypto Gold Rush"

Quebec Bitcoin Mining [1st edition] : "The Crypto Gold Rush" Bitcoin is the new gold, and Quebec is the El Dorado! This meetup will be the first of a series of many focusing specifically on "crypto mining". Bitcoin mining is like the far west: we are pushing the frontier, with many opportunities but also many dangers. The best way for Bitcoin miners to compete with the centralized Bitcoin mining monopolies that pose a constant threat to Bitcoin is by coming together, share our ressources and knowledge. By cooperating, we can achieve incredible economies of scale. Over the past years, Quebec has become one of the global Bitcoin mining hubs worldwide. Recently, Hydro-Qubec made very positive announcements: the electricity surplus in Quebec is decreasing (they say "data centers", we think it's probably mining farms) for the first time in 12 years and they are launching initiatives that will attract international crypto mining operations. Very soon, Quebec's energy policy will be inherently associated to the Bitcoin mining ecosystem. Bitcoin mining is *never* going to disappear: we're still at the beginning! This meetup will also be an opportunity for attendees to get an exclusive sneak peak at "The Blockhouse" before its official launch - the world's most awesome physical crypto hub. The event is organized and sponsored by Catallaxy, RCGT and Technologies D-Central Continue reading >>

Quebec Poised To Become Bitcoin Mining Hub As China Cracks Down On Energy-sapping Miners

Quebec Poised To Become Bitcoin Mining Hub As China Cracks Down On Energy-sapping Miners

Quebec poised to become bitcoin mining hub as China cracks down on energy-sapping miners Global News | By Rahul Kalvapalle | Jan 18, 2018 Hampered by their own government, Chinese bitcoin miners are increasingly looking to Canada to house their lucrative but energy-sapping facilities. Earlier this month, a leaked document obtained by an employee of U.K.-based blockchain platform Blockchain appeared to show Chinas internet finance regulator instructing local authorities to use a variety of measures to disincentivize bitcoin miners. Currently, there are some so-called mining enterprises that produce virtual currencies. They have consumed huge amounts of resources and stoked speculation of virtual currencies,' read a translation of the document, according to Quartz . Multiple bitcoin miners also told Reuters that local authorities were taking various steps to clamp down on their operations. Thats prompting them to consider expanding abroad, and it looks like one of their first ports of call might be Quebec. On Wednesday, Montreal-based blockchain consulting entrepreneur and bitcoin evangelist Francis Pouliot pitched bitcoin mining to representatives from the data storage, telecom and power industries at the Greater Montreal & Quebec Data Centre Summit . He was there on Hydro Quebec s invitation. Hydro Quebec offers some of the lowest electricity rates in North America. The utility says the provincehas an energy surplus equivalent to 100 terawatt hours over 10 years. A single terawatt hour powers 60,000 homes in Quebec during a year. We have the energy available, Eric Filion, customer vice-president for Hydro Quebecs distribution division, told Reuters. Its a question of finding land and buildings quickly. Hydro Quebec wouldnt divulge the names of miners interested in movi Continue reading >>

Bitcoin Embassy - World's First Blockchain Hub

Bitcoin Embassy - World's First Blockchain Hub

We are developing and promoting disruptive technologies that will decentralize the economy and enable new socio-political systems The Bitcoin Embassy is the first physical space in the world dedicated to blockchain technology and cryptocurrency. A three-story building located in the heart of Montreal, the Embassy serves as the home for the worlds leading community of Bitcoin entrepreneurs, developers, professionals and experts. We operate one of the worlds most active non-profit organization dedicated to Bitcoin education, lobbying and advocacy. We act as an incubator for disruptive startups and financial services providers in the blockchain technology industry. Enter your email for updates, news and invitations The Bitcoin Embassy brand has no trademark or patent. Its an open concept replicated internationally. The first ever was our Bitcoin Embassy, in Montreal. Considered a Bitcoin Embassy is a cluster of Bitcoin experts and startups assuming stewardship over a publicly accessbile location dedicated to promoting and facilitating the adoption of Bitcoin and representing the interests of the local ecosystem. Bylls - Pay all your Bills with Bitcoin in Canada! A payment processing service which allows Canadians to pay a selection of over 7000 standard billers (utilities, taxes, credit cards, insurance, law firms, municipal expenses, etc.). It also lets users create unlimited personal payees using only the recipients chequing information. It is powered by Satoshi Portal technology and is owned and operated by Satoshi Portal Inc. Satoshi Portal - Bitcoin payments and banking infrastructure Satoshi Portal develops, operates and implements Bitcoin-based financial services and applications. It is both a technology stack and a Bitcoin exchange and payments processing company Continue reading >>

Quebec Poised To Become Bitcoin Mining Hub As China Cracks Down On Energy-sapping Miners

Quebec Poised To Become Bitcoin Mining Hub As China Cracks Down On Energy-sapping Miners

Quebec poised to become bitcoin mining hub as China cracks down on energy-sapping miners By Rahul Kalvapalle National Online Journalist Global News Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik, Iceland, June 4, 2016. Earlier this month, a leaked document obtained by an employee of U.K.-based blockchain platform Blockchain appeared to show Chinas internet finance regulator instructing local authorities to use a variety of measures to disincentivize bitcoin miners. Currently, there are some so-called mining enterprises that produce virtual currencies. They have consumed huge amounts of resources and stoked speculation of virtual currencies,' read a translation of the document, according to Quartz . READ MORE: South Koreans petition government to stop cryptocurrency crackdown Multiple bitcoin miners also told Reuters that local authorities were taking various steps to clamp down on their operations. Thats prompting them to consider expanding abroad, and it looks like one of their first ports of call might be Quebec. WATCH:Montreal is becoming a hub for bitcoin and blockchain On Wednesday, Montreal-based blockchain consulting entrepreneur and bitcoin evangelist Francis Pouliot pitched bitcoin mining to representatives from the data storage, telecom and power industries at the Greater Montreal & Quebec Data Centre Summit . He was there on Hydro Quebec s invitation. Thank you so much @hydroquebec for inviting me to speak at the Data Center conference about Bitcoin mining! Unique opportunity to address all major players. High impact! Making Quebec a global hub for Bitcoin mining has been my mission since 2013 it's finally happening pic.twitter.com/XPgfhp3rlk Francis Pouliot (@francispouliot_) January 17, 2018 Hydro Quebec offers some of the low Continue reading >>

Looking For The Next Big Bitcoin Mining Hub? Try Canada

Looking For The Next Big Bitcoin Mining Hub? Try Canada

Looking for the Next Big Bitcoin Mining Hub? Try Canada Canada is a well-respected nation on the world stage, long associated with hockey, maple syrup, and now bitcoin mining? Thats shaping up to be the case, as Canada and localities within the country are actively enticing bitcoin miners to come and set up shop. In being a popular and welcoming place in more ways than one , then, Canada has positioned itself to become one of the major, if not the most major, mining centers in the world. And that could make a lot of difference as recent reports out of China suggest the reigning mining powerhouse could soon be shuttering mining operations within its borders. So lets take a closer look at why The Great Bitcoin Mining Migration of 2018 may be in store for Canada. Canada isnt sitting back and hoping that miners come: its actively promoting the idea of them making the move. For instance, the state government of Quebec a great location for mining due to the regions affordable, excess electricity has been lobbying dozens of large-scale cryptocurrency mining operations to make the leap over to North America. Some have already said yes, too: the mining firm BTC.Top has already decided to go all-in on Canada, for one. And the hydropower utility company Hydro Quebec is helping the state government by actively coordinating with miners on how to make the most affordable transitions possible. Weve seen a lot of movement towards Canada, CEO of the Apex Token Fund crypto hedge fund Chris Keshian noted in recent press comments. The Canadian government is relatively friendly towards cryptocurrencies [and] energy is relatively cheap. With all this being said, its clear that such government-level courtship is an outlier in the cryptoverse right now. Canada is fighting to win miners over r Continue reading >>

Technologies De Confiance (blockchain), Innovation Ouverte Et Gouvernance Numrique

Technologies De Confiance (blockchain), Innovation Ouverte Et Gouvernance Numrique

Depuis les dbuts du vivre ensemble des humains, le besoin de faire des transactions est apparu et a grandement volu. Aujourdhui, nous avons besoin plus que jamais de tiers de confiance (gouvernement, institution, entreprise) pour valider des flux de transactions gigantesques. Ces transactions sont valides, certifies et scurises par des organisations centralises dans tous les secteurs: les transactions financires par les banques, les documents lgaux par les gouvernements, des rseaux sociaux par des entreprises (comme Facebook), les diplmes par des universits, etc. En 2009, lapparition de Bitcoin, un systme dchange de monnaie entre pairs, base sur la technologie blockchain (chane de blocs), ouvre un nouveau pan de lhistoire. La technologie blockchain (chane de blocs) est une technologie de stockage dinformation dcentralis qui enregistre les actions dans un grand livre distribu et partag par tous sur le rseau. Les trois proprits de la technologie Blockchain (selon le Dsintermdiation : Le consensus remplace la validation centralise. Elle permet de produire la confiance ncessaire pour que des agents (utilisateurs) changent sans le contrle dun tiers de confiance. Scurit : Un procd cryptographique et larchitecture dcentralise. Larchitecture dcentralise et le code des blocs garantissent linviolabilit des informations la scurit structurelle des informations enregistres au sein dune blockchain: un procd cryptographique et larchitecture dcentralise. Autonomie : La cration dune crypto-monnaie rmunre les cots dinfrastructures. La puissance de calcul (hash/seconde) et lespace dhbergement sont fournis par les nuds du rseau eux-mmes. Linvestissement matriel, la puissance de calcul et lespace de stockage consomms par le mining sont compenss par lmission de bitcoins (ou autres crypto-mo Continue reading >>

Blockchain Montreal Meetup #1 Get Together!

Blockchain Montreal Meetup #1 Get Together!

La rvolution blockchain est en marche et Montral a son rle jouer! La rvolution blockchain est en marche et Montral son rle jouer! Ce groupe est pour tous les Montralais et qubcois intresss par la technologie blockchain(chaine de blocs) et ses opportunits. Si vous tes novice et curieux au sujet de la blockchain, se sera loccasion de dcouvrir cette technologie qui a un potentiel aussi important quinternet. Si vous tes passionn et expert du domaine ce sera loccasion de se retrouver rgulirement pour changer sur les nouveauts (bitcoin, Ethereum, Hyperledger, R3, etc.), partager nos ides et dcouvertes. Si vous tes intress par les opportunits business, vous trouverez ici les meilleurs talents du domaine Montral! Nous voulons faire de Montreal un point central dans le monde blockchain! Crer une communaut blockchain Montral forte, innovante et dynamique. Organiser des vnements rgulirement o les membres peuvent se retrouver, changer des connaissances, partager leur expriences et ides. Faciliter la mise en relation entre lindustrie et les talents. Favoriser les synergies pour faire merger de nouvelles startups dans la rgion Montralaise. Continue reading >>

Affaires Express | Affaires | Le Soleil - Qubec

Affaires Express | Affaires | Le Soleil - Qubec

Lintrt grandissant pour la blockchain suscite la cration dun nouvel organisme Qubec. Blockchain Hub Qubec voit le jour. Il sagit dune initiative lance par Bertrand Lirette, Mathieu Bussire, Julien Mbony, Francis Nadeau, Patrick Roy, Anthony Rail, Marco Rompr et Michael Doyon. Ils sont huit passionns de cette technologie mergente de stockage et de transmission de linformation. Une technologie qui a le potentiel de changer les rgles du jeu dans les grands secteurs de la vie conomique. Blockchain Hub Qubec sinstallera dans les locaux de lincubateur-acclrateur technologique Le Camp. Sa mission sera de crer un rseau dchanges dans la capitale. En dveloppant un noyau ouvert aux changes et aux discussions, nous pourrons favoriser lmancipation dun environnement sain ayant comme objectif de permettre la socit de bnficier des enjeux conomiques relis cette nouvelle technologie , indique lun des cofondateurs, Bertrand Lirette. Une premire activit publique se tiendra le jeudi 8 fvrier. Pour en savoir davantage, il suffit daller au www.blockchainhubquebec.org. Gilbert Leduc OTTAWA - LIndice des prix la consommation (IPC) a augment de 1,9 % dune anne lautre en dcembre, aprs avoir enregistr une hausse de 2,1 % en novembre, a indiqu vendredi Statistique Canada.Sur une base mensuelle dsaisonnalise, lIPC a progress de 0,2 % en dcembre, aprs avoir connu une hausse de 0,5 % en novembre, a dit lagence fdrale. Les prix de sept des huit composantes principales de lIPC ont augment au cours de la priode de 12 mois se terminant en dcembre, les indices des prix des transports et du logement ayant contribu le plus la hausse. Les consommateurs ont dbours 2 % de plus pour les aliments en dcembre comparativement au mme mois un an plus tt. Dans huit provinces, la hausse dune anne lautre des prix la con Continue reading >>

Soire De Lancement Blockchain Hub Qubec

Soire De Lancement Blockchain Hub Qubec

Matriaux valeur ajoute et matriel de transport Lconomie de la rgion mtropolitaine de Qubec repose sur le dynamisme de ses industries cls et la forte vitalit de sa communaut daffaires. Dcouvrez des entreprises et centres de recherche qui savent combiner science et savoir-faire pour faire de linnovation un puissant moteur de croissance. Avec 10 siges sociaux de compagnies dassurances, la rgion mtropolitaine de Qubec constitue le 2e ple de lindustrie de lassurance au Canada. Cette industrie en forte croissance occupe une place trs importante dans lconomie rgionale avec un chiffre daffaires de plus 5 milliards $ CA. Lindustrie des sciences de la vie est en pleine effervescence dans la rgion mtropolitaine de Qubec. Forte dune expertise de pointe dans les domaines du biopharmaceutique et diagnostique, des produits de sant naturels, des technologies mdicales et des technologies de linformation lies la sant, la rgion mtropolitaine de Qubec se positionne avantageusement dans un march en forte croissance. Optique-photonique, technologies gospatiales, arts numriques, divertissement interactif et jeu vido, dveloppement de logiciels, lectronique les entreprises du secteur des technologies de linformation et des communications et de llectronique (TIC et ) de la rgion mtropolitaine de Qubec sont passes matres dans le dveloppement et la commercialisation de solutions modernes et intelligentes. Vritable industrie de pointe, le secteur de l'alimentation et de la nutrition participe la croissance conomique de la rgion de Qubec. Grce lingniosit de ses entrepreneurs, elle a pu se tailler une place de choix sur les marchs nationaux et internationaux. Avec une forte concentration de centres de recherche et dtablissements de formation sur son territoire, la rgion de Qubec est un creuset dinno Continue reading >>

Blockchain Hub Qubec

Blockchain Hub Qubec

Au cours des dernires dcennies, larrive de technologies telles que lInternet a permis de chambouler des industries entires. Ces possibilits ont permis la naissance des plus grandes entreprises du 21e sicle. La facilit comprendre les nouveauts de ce grand changement aura permis la population dadhrer cette vague de changements facilement et rapidement. Aujourdhui, nous voyons larrive dune nouvelle technologie qui pourrait avoir un impact similaire lInternet. La technologie Blockchain pourrait permettre des changements majeurs dans la socit et la manire dont certaines industries sont bties. Malheureusement, toute nouvelle technologie doit faire face une panoplie dembches. Devant tant de possibilits, la Blockchain devra compter sur un appui massif au niveau de la population, des investisseurs, des entreprises et des dveloppeurs et dveloppeuses pour atteindre son plein potentiel. Un noyau doit tre cr afin de sassurer de pouvoir mettre en place une vision commune et thiquement rflchie pour permettre dduquer, de rassembler et de veiller au dveloppement de cette avance technologique. Dautant plus, de par son bassin de talents dans le monde des technologies ainsi que laccs des ressources comme llectricit bas prix, deux ressources essentielles au dveloppement des technologies relies la Blockchain, le Qubec se doit de miser sur ces deux forces et participer activement ce dveloppement. De ce fait, nous annonons la cration de Blockchain Hub Qubec, un regroupement but non lucratif visant duquer, rassembler et promouvoir les diffrentes utilisations de la technologie Blockchain au Qubec. Nous croyons quen dveloppant un noyau ouvert aux changes et aux discussions, nous pourrons favoriser lmancipation dun environnement sain ayant comme objectif de permettre la socit de bnficier des enje Continue reading >>

Energy Company Hydro-quebec Looks To Attract Bitcoin Miners

Energy Company Hydro-quebec Looks To Attract Bitcoin Miners

Energy Company Hydro-Quebec Looks to Attract Bitcoin Miners Hydro-Quebc (HQ) is a public utility that manages the generation, transmission and distribution of electricity in Quebec, Canada, but it finds itself in a position of generating more power than its customers need. In an article from Le Journal de Qubec, ric Martel, president and CEO of HQ, relates how HQ is facing a death spiral for electricity consumption. Power consumption by customers in the province has been stagnating since 2007, as customers are adding more and more solar panels. At the same time, HQ has been building more dams and transformers and running more lines. As HQ builds more capacity and prices rise, its customers are turning to self-serving renewables, which reduce their dependence on HQ even further. HQ already provides electricity at extremely low rates compared to companies like Southern California Edison (SCE), for example, where prices have recently been announced as a fixed rate of $0.0319 ($0.0394 CAD) per kWh for crypto miners, compared to its general, tiered rates of $0.17 to $0.35. As Quebecers consume less electricity, Martel is looking to find more creative ways to attract high-energy users, like Facebook, Amazon and Microsoft. HQ is currently selling 450 MWh to computer server companies. In four years the goal is to sell 6 TWh in general and another 5 TWh for crypto mining, the equivalent of nearly two million American homes. Francis Pouliot of the Satoshi Portal in Montreal tweeted that HQ is looking to attract enough Bitcoin miners to consume 5,000 MWh of electricity, the equivalent of four million Bitmain S9 mining servers. Between the cheap electricity and cool climate that would make temperature maintenance even less expensive, it is looking like an attractive option, but it Continue reading >>

Quebec Poised To Become Bitcoin Mining Hub As China Cracks Down On Energy-sapping Miners | Q107 Toronto

Quebec Poised To Become Bitcoin Mining Hub As China Cracks Down On Energy-sapping Miners | Q107 Toronto

Bitcoin mining computers are pictured in Bitmain's mining farm near Keflavik, Iceland, June 4, 2016. Hampered by their own government, Chinese bitcoin miners are increasingly looking to Canada to house their lucrative but energy-sapping facilities. Earlier this month, a leaked document obtained by an employee of U.K.-based blockchain platform Blockchain appeared to show Chinas internet finance regulator instructing local authorities to use a variety of measures to disincentivize bitcoin miners. Currently, there are some so-called mining enterprises that produce virtual currencies. They have consumed huge amounts of resources and stoked speculation of virtual currencies,' read a translation of the document, according to Quartz . READ MORE: South Koreans petition government to stop cryptocurrency crackdown Multiple bitcoin miners also told Reuters that local authorities were taking various steps to clamp down on their operations. Thats prompting them to consider expanding abroad, and it looks like one of their first ports of call might be Quebec. WATCH:Montreal is becoming a hub for bitcoin and blockchain On Wednesday, Montreal-based blockchain consulting entrepreneur and bitcoin evangelist Francis Pouliot pitched bitcoin mining to representatives from the data storage, telecom and power industries at the Greater Montreal & Quebec Data Centre Summit . He was there on Hydro Quebec s invitation. Thank you so much @hydroquebec for inviting me to speak at the Data Center conference about Bitcoin mining! Unique opportunity to address all major players. High impact! Making Quebec a global hub for Bitcoin mining has been my mission since 2013 it's finally happening pic.twitter.com/XPgfhp3rlk Francis Pouliot (@francispouliot_) January 17, 2018 Hydro Quebec offers some of the low Continue reading >>

Quebec Could Become A Hub For Bitcoin Mines Very Soon

Quebec Could Become A Hub For Bitcoin Mines Very Soon

Mining metals and minerals like nickel, gold, copper and zinc helped shape Canada into the nation it is todayand a new kind of mining may help the country enter a technology-focused future. Quebec has become a potential destination for the establishment and relocation of Bitcoin and other cryptocurrency mining centres, particularly from Chinese companies looking to leave the country due to regulatory pressure. AntPool is the largest Bitcoin mine in the world right now, accounting for 56 per cent of global bitcoin miners, and currently resides in China. However, the country has been notoriously fickle with cryptocurrency, first banning ICOs , then banning trading altogether, then reenabling trading with strict regulations. Mine operators in China have been worrying about how the continued crackdown may affect their ability to operate and have explored new options, including Quebec. Countries like Iceland and Sweden are mine destinations as well, but Quebec is doing its part to woo potential suitors to the province. We can confirm that we have seen a rising number of inquiries by Asian companies about opening centers here since the end of the summer, said Jonathan Ct, a spokesperson with Hydro-Quebec. Some of them are quite large as the projects can range from 5 mW to over 100 mW in energy consumption. For a comparison to those energy numbers, the Bell Centrehome to the NHLs Montreal Canadienspulls around 5 mW of energy. The more processing power a mine controls, the more cryptocurrency it can access. A computer in a mine may perform millions of calculations per day, using enormous amounts of energy to produce just fractions of a Bitcoin. Put hundreds of them together though, and suddenly it becomes a lucrative business. Thousands of these mini-computers make up a single Continue reading >>

Lorganisme Blockchain Hub Qubec Voit Le Jour

Lorganisme Blockchain Hub Qubec Voit Le Jour

Lorganisme Blockchain Hub Qubec voit le jour Lorganisme but non lucratif Blockchain Hub Qubec vient de voir le jour avec comme mission de faire connatre cette technologie que lon estime tre aussi importante quinternet. Hberg dans les locaux de lincubateur-acclrateur technologique de Qubec, Le Camp, le Blockchain Hub se donne la mission de faire connatre la technologie. Le principe de la blockchain est que cela va permettre aux gens davoir confiance une information sans quil y ait de tierces personnes entre les deux , a rsum Bertrand Lirette, lun des huit membres fondateurs. Le plus bel exemple est celui du bitcoin. De plus en plus dentreprises dans le monde ont recours cette technologie, affirme M. Lirette. Les gens parlent souvent du blockchain comme tant le nouvel internet. Limpact que cela peut avoir est majeur. Comme internet a eu un impact incroyable sur la socit dans le monde entier au niveau des communications, le blockchain pourrait remplacer plusieurs tierces parties. Les banques pourraient ne plus avoir exister dans la mesure o nous pourrions avoir confiance dans un systme qui nest pas bas sur une banque qui rgit linformation transige sur des rseaux. Cest une chose qui pourrait arriver. Les implications sont immenses. Une premire activit publique se tiendra le 8 fvrier au Camp. Les huit membres fondateurs de Blockchain Hub Qubec sont : Bertrand Lirette, Mathieu Bussire, Julien Mbony, Francis Nadeau, Patrick Roy, Anthony Rail, Marco Rompr et Michael Doyon. Continue reading >>

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