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Norway: Bitcoin Mining Facility Shutdown Leads to 20% Higher Energy Bills for Town Residents

Kryptovault's Bitcoin mining facility in Stokmarknes, Norway, recently closed, causing residents to face a 20% rise in electricity bills. The site was shut down because the Hadsel municipality didn't renew its operating permit, following ongoing noise complaints from locals.

https://www.nobsbitcoin.com/norway-bitcoin-mining-facility-shutdown-leads-to-20-higher-energy-bills-for-town-residents/

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Hopeful_Sat 1y ago

20% is a lot, but maybe residents preferred to pay more for electricity than having to deal with the noise? I wonder if they knew beforehand that the cost would increase by that much. Were there no alternative to lowering the noise other than shutting it down?

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