Inexperienced gentle for Bitcoin mining in Norway

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The Norwegian Parliament this week rejected the proposed ban on Bitcoin and cryptocurrency mining put ahead by the Greens, Socialists and Communists.

As in Sweden, a number of events have tried to ban the mining of cryptocurrencies within the nation, and this whereas Norway has change into a land of welcome for firms specializing in mining in recent times. The nation is even often proven for example. It’s presently the one nation the place all mining is powered by renewable power. 88% of the mining within the nation is powered by hydroelectric and 10% by wind.

In comparison with different nations, Norway additionally provides comparatively low-cost power with a kilowatt hour being charged lower than one cent in some components of the nation.

The socialist, communist and ecologist events had nice problem to find votes to help their proposal. Beforehand, they’d already tried to put in a mining tax within the nation. The proposal was additionally not supported by opposing events.

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