Norway considers suspending crypto mining due to high power consumption
The Norwegian government could temporarily suspend cryptocurrency mining, considering its significant impact on the energy sector
The high power consumption of cryptocurrency mining in Norway has led the government to consider a temporary ban on the activity.
Due to the impact of crypto mining on the energy sector, the government will start an extensive investigation next fall that could trigger a temporary suspension.
The Nordic country’s authorities have also announced that they will assess “whether this activity compromises the electricity supply necessary for essential sectors of the economy and the general population.”
The government has the power to suspend crypto mining if the activity creates critical situations that put maximum strain on the electrical grid, according to the Planning and Building Act.
M.Pino
Source: cripto247
(Reference image source: Kanchanara on Unsplash)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram
