2024-09-19 10:45:00
Europe’s leading producer of hydroelectricity, with affordable prices to boot, Norway will soon be a haven for several large Bitcoin mining projects. Today, its residents are driving the latter, all their distributors and their fans to have peace. The problem is that this increases the cost of electricity bills.
Originally established in the south of the country, the Kryptovault company moved in 2022 after the drought that hit the region. The northern direction of Norway, precisely in the town of Hadsel. Water is abundant there and fully operates the hydroelectric installations there, responsible for 88% of Norwegian production.
By establishing itself there, the mining company brought so much money to Noranett, the local electricity provider, that the price of the kilowatt hour was fixed at the national level. It must be said that Kryptovault pulls up exactly 3,200 buildings, as reported The Echoes.
But there is a dark spot on board: noise. For the computers needed to run such a mining company, gigantic fans are installed at the same time, and they are making the world hell for the residents. They work 24 hours a day, and they are busy with everything. So much so that they asked for their permanent departure. Faced with popular discontent, the Hadsel authorities did not renew the company’s temporary license, forcing it to stop its operations from September 13.
As a result, the amount of income has been affected: the current population is suffering a 20% increase. “When such a big customer dies at night, it has an impact,” Robin Jakobsen, network manager at Noranett, told Norwegian media. NRK. It remains to be seen what the government will plan for its future policies related to data centers in general. What seems certain is that Bitcoin companies will not be accepted in Norway, considered to be too dirty and noisy.
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