{"id":16978,"date":"2024-09-15T12:57:40","date_gmt":"2024-09-15T09:57:40","guid":{"rendered":"https:\/\/forklog.com\/en\/norwegian-town-faces-energy-cost-surge-after-bitcoin-farm-closure\/"},"modified":"2024-09-15T12:57:40","modified_gmt":"2024-09-15T09:57:40","slug":"norwegian-town-faces-energy-cost-surge-after-bitcoin-farm-closure","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/norwegian-town-faces-energy-cost-surge-after-bitcoin-farm-closure\/","title":{"rendered":"Norwegian Town Faces Energy Cost Surge After Bitcoin Farm Closure"},"content":{"rendered":"<p>Residents of the Hadsel municipality in Norway succeeded in shutting down a Bitcoin mining centre due to noise complaints. However, this led to a sharp increase in electricity bills.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Power bills increased by $300 per year for each home in a Norwegian town after the local <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> miner shut down. <\/p>\n<p>The miner paid 20% of the area&#8217;s grid fees, thus subsidizing other consumers. With the miner gone, people&#8217;s power bills are skyrocketing.<a href=\"https:\/\/t.co\/otWU7NHRQB\">https:\/\/t.co\/otWU7NHRQB<\/a> <a href=\"https:\/\/t.co\/wRSX1radWi\">pic.twitter.com\/wRSX1radWi<\/a><\/p>\n<p>\u2014 Jaran Mellerud ?\u26cf\ufe0f (@JMellerud) <a href=\"https:\/\/twitter.com\/JMellerud\/status\/1834871261521903727?ref_src=twsrc%5Etfw\">September 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The campaign to cease the facility&#8217;s operations lasted three years. In Hadsel, the issuance of a temporary permit to Stokmarknes Datasenter for mining activities was deemed a mistake. The approval expired in early September.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt\u2019s settled. We are very pleased,\u201d commented Mayor Kjell-B\u00f8rge Freiberg.<\/p>\n<\/blockquote>\n<p>According to him, noise was a significant issue with the data centre. In 2022, the company implemented several noise pollution mitigation measures, such as sound barriers, following initial complaints from residents. However, these did not resolve the grievances.<\/p>\n<p>The Stokmarknes Datasenter Bitcoin farm consumed approximately 80 GWh of electricity annually, contributing about 20% of the total revenue to local provider Noranett.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWhen such a large individual customer shuts down overnight, it has an impact,\u201d acknowledged electricity supplier manager Robin Jakobsen.<\/p>\n<\/blockquote>\n<p>He estimated that to offset the lost revenue, bills for an average household in Hadsel will increase by 2500-3000 kroner (~$234-281) annually. Currently, this expense for families is around 12,000-13,000 kroner.<\/p>\n<p>The mayor stated that authorities are seeking an industrial consumer for Noranett, but this \u201cmay take months.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe need an industry that creates value, so no one thinks we need a new data centre,\u201d Freiberg emphasized.<\/p>\n<\/blockquote>\n<p>In April, Norwegian authorities <a href=\"https:\/\/forklog.com\/en\/news\/norwegian-authorities-move-to-restrict-bitcoin-mining\">decided<\/a> to classify cryptocurrency mining as an undesirable activity in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residents of the Hadsel municipality in Norway succeeded in shutting down a Bitcoin mining centre due to noise complaints. However, this led to a sharp increase in electricity bills. Power bills increased by $300 per year for each home in a Norwegian town after the local #bitcoin miner shut down. The miner paid 20% of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1498],"class_list":["post-16978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-norway"],"aioseo_notices":[],"amp_enabled":true,"views":"45","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16978"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16977"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}