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Crypto Trends

Norway turns heat on clothes mining coding energy density

Norway has revealed plans to prohibit temporarily based new data centers based on cryptocurrency with the most intensity of energy. On Friday, the North Country Government said it aims to maintain electricity for other industries.

The Norwegian government revealed plans in April 2024 to organize the country’s encryption mining activities by restricting data centers. The Minister of Digitalism in Norway, Tarran Tong and Energy Minister Terry Aantad, acknowledged that the initiative is driven by the government’s desire to control and limit unwanted projects, such as encryption mining.

Norway intensifies efforts to reduce encryption mining

Norway will become the first country in Europe to implement comprehensive regulations for data centers, with a focus on controlling intensive energy activities such as cryptocurrency mining. The list requires encryption mining operators to register in local authorities and detect the service provided.

Tong argued that the government requires a commitment to registration for those behind the data center, the director of the center, and the commitment to mention the services provided. He added that the purpose of organizing the encryption mining industry is so that the government can close the projects it does not want.

The Norwegian government said that the list aims to enable the relevant authorities to agree to projects or reject them based on their social and environmental impact. AASLAND maintained the importance of strengthening socially beneficial data centers.

In Norway, encryption mining is not compatible with the country’s environmental goals. Aasland has released concerns about large greenhouse gas emissions.

The government also revealed that a temporary ban can be provided to the data centers that can be presented during the fall of 2025.

“The Labor Party government has a clear intention to reduce the mining of cryptocurrencies in Norway as possible. Mining of the cryptocurrency is very dense and does not generate little jobs and income for the local community.”

-Karyan Tong, Minister of Digitization and Public Administration in Norway.

The Norwegian government also Proposal In October 2022 to cancel the low electrical tax rate for data centers, the mining electricity effectively exposes the standard rates.

Finance Minister Trygve Slagsvold Vedum stressed the importance of determining electricity priorities for societal needs amid the spread of encryption mining.

Vedum said that the proposed changes were expected to achieve additional revenues of 150 million banks (about 13.61 million dollars), with 110 million banks expected to achieve in 2023.

According to Bitcoin Mining Map data at the University of Cambridge from January 2022, Norwegian miners in Bitcoin contribute about 0.74 % at the Bitcoin division rate, measure the mathematical force for mining.

Norway also ranks first in the generation of electricity to the individual worldwide, due to the mountainous terrain and wet climate, facilitating the development of many electrical energy plants. In 2021, hydroelectric energy Contribute 92 % of the country’s power generation, an additional 7 % wind energy.

The coding mining ban is an increase in electricity prices

In October last year, Hasdik residents, a Norwegian municipality that pushed to close the Bitcoin Local Mine, faced an increase in electricity bills due to the missing revenues of the local energy company. Daniel Patten Technology Investment Capital Argue It is when politicians turn against bitcoin, people suffer.

The mayor of Hadsal, Keel Burg Freberg, open On September 13, the noise of the Bitcoin Mining Center was bothering many residents of Hadsel. The closure of the mine – which represents about 20 % of the Electricity distribution provider income Nuranit – means that local electricity bills will flourish to compensate for the lost revenues.

The director of the Noranett Robin Jakobsen network stated that there is an effect when this large individual customer suddenly turns off. It was estimated that, after the amendment, the average family in Hasdel may face an additional annual cost ranging between 2500 and 3000 Norwegian (approximately $ 235 to $ 280).

Batten has argued that he showed another example of how bitcoin mining helps reduce energy prices for ordinary people. The data center consumed about 80 GWh (GWH) of electricity annually, equivalent to the annual use of about 3,200 families. Freiberg has revealed that HASDEL will search for new projects to compensate for low electricity consumption after the closure of the mining center.

In September 2022, the local population in Swintland, another Norwegian municipality, complained about the noise of bitcoin mining activity in the region. The CEO of the local Kryptovaut, Kjetil Hove Pettersen, admitted that it could be another case of the media targeting Bitcoin.

The main difference wire The encrypted brands help penetrate the main headlines and control them quickly

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