By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Norway town campaigns to close Bitcoin mine, electricity costs jump 20%
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Norway town campaigns to close Bitcoin mine, electricity costs jump 20%
Crypto

Norway town campaigns to close Bitcoin mine, electricity costs jump 20%

By Viral Trending Content 3 Min Read
Share
SHARE

Contents
Hadsel residents say the noise was disturbing lifestyleNoise complaints over Bitcoin miners in Norway

Residents of Hadsel, a Norwegian municipality, who pushed to shut down a local Bitcoin mine, are now facing a spike in their electricity bills due to the lost revenue for the local power company.

“When politicians gaslight Bitcoin, the people suffer,” Climate tech venture capitalist Daniel Batten opined in a Sept. 13 X post following the news.

Hadsel residents say the noise was disturbing lifestyle

Mayor of Hadsel, Kjell-Børge Freiberg, told the Norwegian Broadcasting Corporation (NRK) on Sept. 13 that the noise from the Bitcoin (BTC) mining center was disturbing many residents in Hadsel — which has a population of around 8,236 people, according to City Population data.

The operation was shut down during the week of Sept. 9. While many residents were initially pleased after campaigning for several years to close it, the mine’s closure — representing around 20% of electricity distribution provider Noranett’s income — means local electricity bills will rise to compensate for the lost revenue.

“When such a large individual customer switches off overnight, it has an impact,” Noranett network manager Robin Jakobsen stated.

He estimated that, following the adjustment, the average household in Hadsel could face an additional annual cost of between NOK 2,500 and 3,000 (equivalent to roughly $235 to $280 USD).

Batten argued this is “another example of how Bitcoin mining helps keep power prices lower for everyday people.”

The data center consumed about 80 gigawatt hours (GWh) of electricity annually, equivalent to the yearly usage of around 3,200 households.

Freiberg stated that the town would seek new projects to offset the reduced electricity consumption following the mining center’s closure.

Noise complaints over Bitcoin miners in Norway

It isn’t the first town within Norway to have complaints about Bitcoin mining facilities.

In September 2022, Cointelegraph reported that locals in Sortland, another Norwegian municipality, were complaining about the noise of Bitcoin mining activity in the area.

Related: Bitcoin miner solves block alone, grabs $180,000 reward

Kjetil Hove Pettersen, CEO at the local KryptoVault, explained that it could be another case of media spin targeting Bitcoin.

“It is usually the negative voices that get the most media attention; this does not reflect on all local opinions,” Pettersen said.

Meanwhile, a bill imposing noise limits on crypto mining farms has passed in the American state of Arkansas. It is now on its way to Governor Sarah Huckabee Sanders, who has indicated she will sign it into law.

Magazine: Proposed change could save Ethereum from L2 ‘roadmap to hell’

You Might Also Like

New Bitcoin price lows on the table until $76K becomes support

Polymarket expands into equities and commodities with Pyth price feeds

Bitcoin Under Pressure As Selling Pressure Refuses To Ease In Sideways Market Conditions

Ether at risk of new 2026 lows if bulls fail to turn $2.4K into support

Bitcoin Can’t Be Stopped: Seasoned Industry Analysts Share Shocking Revelation

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Time To Dump Bitcoin? Economist Predicts Massive ‘Sell The News’ Event
Next Article How the world’s smelliest fruit is making coffee more expensive
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Trump wants to add nearly $7 trillion to the $39 trillion national debt with his new military budget, watchdog warns
Business
New Bitcoin price lows on the table until $76K becomes support
Crypto
Octopath Traveler TTRPG rulebook finally being translated into English
Gaming News
Google Pixel 11 Pro & XL Design Leak Shows Missing Temperature Sensor
Tech News
Midjourney V8 Personalization Profile Grid: How It Works
Tech News
New Progress ShareFile flaws can be chained in pre-auth RCE attacks
Tech News
Ex-footballer Andy Morrison gives update on battling with severe life-changing condition
Sports

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

Brussels unveils plans for a European Degree but struggles to explain why

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
Trump evokes more anger and fear from Democrats than Biden does from Republicans, AP-NORC poll shows
March 28, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?