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)

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La entrada Norway considers suspending crypto mining due to high power consumption apareció primero en Bitfinance.