Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mine Shutdown
In Norway Sparks Higher
Power Bills
For Residents
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mine Shutdown In Norway Sparks Higher Power Bills For Residents
by Christian Encila
3 mins ago
in Crypto News
0
After a Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mine closed in Hadsel, Norway, residents received a surprise.
Initially lauded for decreasing noise pollution, the shutdown has raised
community electricity expenses.
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Donations
Operating under Kryptovault, the mine consumed a significant portion of the
local power distributor Noranett s income. Now, with its closing, locals
are dealing with a 20% rise in their electrical bills.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mine: Noise Complaints And Community Impact
Residents had complained for years about the continuous noise the cooling
systems of the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining operation. Mayor Kjell-Børge Freiberg said that
the noise had bothered a lot of the roughly 8,260 residents of the town.
The data center at Myran outside Stokmarknes is controversial because of the
noise it emits. Earlier this week, the data center shut down. Photo: Carsten
Lier
For those against the mine, closing seemed like a victory , but it has had
unexpected financial consequences. The neighboring power company was obliged
to raise rates in order to offset the lost income from Kryptovault s
operations. The network manager, Robin Jakobsen, claimed that losing such a
large customer has seriously damaged their income.
Power bills increased by $300 per year for each home in a Norwegian town after
the local #bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin miner shut down.
The miner paid 20% of the area s grid fees, thus subsidizing other
consumers. With the miner gone, people s power bills are skyrocketing.
https://t.co/otWU7NHRQB pic.twitter.com/wRSX1radWi
— Jaran Mellerud ð§⛏️ (@JMellerud) September 14, 2024
About 80 gigawatt hours (GWh) of electricity were consumed annually by the
data center, similar to the yearly consumption of around 3,200 homes. Now
faced with maintaining infrastructure expenditures without the cash supplied
by the mining, Noranett is significantly cutting energy load. Residents are
now looking at monthly bills rising to around $300, which is a stark contrast
to what they were paying before.
Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap currently at $2 trillion. Chart: TradingView
Reactions And Future Prospects
While some residents are relieved about the noise reduction, others are
frustrated by the financial ramifications. According to Daniel Batten, a
venture financier in climate tech, this scenario shows how Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining
might help consumer power prices stay stable.
According to Mayor Freiberg, the town will look for fresh initiatives to
counteract the energy usage decrease. Finding substitute income or
initiatives, however, could take time and work. The experience of the
community begs issues regarding the harmony between environmental issues and
economic reality.
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Broader Context And Regulatory Considerations
Other Norwegian municipalities have also dealt with similar problems over
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining activity, so Hadsel is not the only town coping with these
challenges. For example, Sortland locals had expressed worries about mining
noise. As these problems get more attention, debates on rules to restrict
energy-intensive activities like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mining are starting to take center
stage.
Already on the table in Norway is a proposed law aimed at regulating such
facilities. If the rules are to go through, data centers might be compelled to
adhere to tighter energy consumption policies and follow registration
activities. This may force miners to switch their ways or shift.
Hadsel s residents hailed the closing of their loud Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mine, but
increasing electricity bills have frustrated and worried them. The issue
highlights the complicated relationship between local economy and rising
technology like cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта mining.
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