Crypto in Norway: Norwegian Governments Investigate Banning Crypto Mining

Crypto in Norway: Norwegian governments investigate banning crypto mining

The Norwegian government is investigating banning crypto mining in the country due to the energy consumption of the mining process. In an effort to “free up power, network capacity, and area for other purposes,” Norway is considering putting a temporary ban on crypto mining. Norway mentioned that in autumn, it would be conducting an investigation as to whether it will ban crypto-mining data centers as part of the county’s Planning and Building A…

Norway's Government Explores Crypto-Mining Ban Amid Energy Supply Concerns

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Norway Places Temporary Ban on Crypto Mining Data Centres to Prioritise Productive Industries

Norway announced plans to ban new data centres, purpose-built for crypto mining, to conserve electricity for more productive businesses, such as industries that employ more Norwegians and improve the country’s economy. Bitcoin and other proof-of-work cryptocurrencies use substantial electricity to validate their ecosystems. In April 2024, the Norwegian government announced plans to restrict data centres to focus resources on more productive form…

Norway’s Government Explores Crypto-Mining Ban Amid Energy Supply Concerns – altnews.org

Authored by Turner Wright via CoinTelegraph.com, The government of Norway is considering a temporary ban on crypto mining in the

Norway's Government Explores Crypto-Mining Ban Amid Energy Supply Concerns - Nemos News Network

Authored by Turner Wright via CoinTelegraph.com, The government of Norway is considering a temporary ban on crypto mining in the country in an effort to “free up power, network capacity and area for other purposes.” In a Friday notice, the Norwegian government said it would be conducting an investigation in autumn that could result in a temporary […]