🧵 1. Bitcoin mine shutdown in Norway town raises electricity bills by 20%. Kryptovault closure due to noise complaints led to price hike for residents. - [Tweet 1] #crypto
🧵 1. Bitcoin mine shutdown in Norway town raises electricity bills by 20%. Kryptovault closure due to noise complaints led to price hike for residents. - [Tweet 1] #crypto
🧵 2. Loss of biggest customer forces local power company to increase household prices to cover revenue shortfall. Residents may face up to $300 monthly bill spike. - [Tweet 2]
🧵 3. Closure of Bitcoin mine in Hadsel prompts mayor to seek new projects to utilize excess energy. Locals unhappy with increased electricity costs. - [Tweet 3]
🧵 4. Debate in Norway on restricting energy-intensive Bitcoin mining for increased electricity prices. Concerns over potential relocation of miners abroad. - [Tweet 4]
🧵 5. Bitcoin mine shutdown underscores impact on electricity costs and distribution. Residents now bear cost increase due to mining facility closure. - [Tweet 5]
🧵 Read more at: https://www.zerohedge.com/crypto/bitcoin-mining-shutdown-caused-20-surge-norwegian-electricity-bills