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The Coin Rise 2025-06-21 09:58:47

Norway Considers Temporary Ban on Crypto Mining to Address Energy Strain

Norway Considers Temporary Ban on Crypto Mining to Address Energy Strain

The Norwegian government is weighing a temporary ban on cryptocurrency mining, citing concerns over electricity consumption, network capacity, and land use. In a notice issued Friday, officials announced that a formal investigation will be conducted in the autumn to evaluate the potential impact of mining operations. The outcome could lead to a temporary halt on such activities, aimed at redirecting resources toward more essential public and industrial needs. The potential ban would be under Norway’s Planning and Building Act, a legislative tool that allows the government to allocate energy usage and infrastructure. “It is uncertain how big a problem crypto mining will become in Norway in the future,” the government said, adding that newly introduced data center regulations requiring registration will help clarify the scope and footprint of crypto-related facilities. Rising Electricity Costs Norwegian households, like many across Europe, have seen a sharp increase in electricity prices over the past two years, largely driven by Russia’s invasion of Ukraine and the subsequent disruption in oil and gas supplies. This has added urgency to national efforts to prioritize energy allocation and limit non-essential power consumption . Local communities have also voiced frustrations over the noise generated by crypto mining farms, with several petitions calling for shutdowns of such operations. While mining may bring in revenue and investment, many argue it offers little social benefit and places an unnecessary burden on already strained infrastructure. Norway to Ban Mining? Norway’s proposal echoes similar moves in other regions. Earlier this year, Russia imposed mining bans across 10 regions to prevent power outages and reduce energy stress. China, once the global leader in Bitcoin mining, implemented a blanket ban in 2021, pushing many miners to relocate to more crypto-friendly jurisdictions like Texas in the United States. Despite ongoing environmental concerns, crypto mining remains legal across most of the U.S., where it continues to contribute significantly to the global Bitcoin hashrate. Lawmakers have raised questions about sustainability, but regulatory action has been sporadic and state-specific. For now, Norway’s move signals a growing shift among European nations toward reevaluating the energy-intensive nature of crypto mining. The post Norway Considers Temporary Ban on Crypto Mining to Address Energy Strain appeared first on TheCoinrise.com .

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Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine