In short
- The government of Norway has said that it intends to make a temporary ban on new crypto -mining activities.
- The country has previously performed crypto -mining.
- But the prevailing Labor party of the country also said that the power used for mines of digital assets could be better used, also for data centers for community and blockchain.
Norway is clamping Bitcoin-again.
The country government of the country said on Friday in a statement that it would investigate a temporary ban on new power-intensive crypto-mining activities. According to the statement, the power used for mines of digital assets can be better used, also for data centers for community and blockchain.
“During the autumn of 2025, the government will investigate the possibility of temporarily prohibiting the establishment of new data centers in Norway that extract cryptocurrency with the most powerful consuming technology,” the statement said.
The government added that “the useful use of blockchain technology and AI is also important”, and that it would not like to “hinder innovation and development in areas that are useful for society”.
Energy Terje Aasland Minister added: “By prohibiting power-intensive mining of cryptocurrencies, we can release land, strength and schedule capacity for other consumption that contributes to the making of value, jobs and cuts in greenhouse gas emissions.”
The explanation did not reveal which cryptocurrencies were worried and did not respond immediately Decryptask.
The crypto-mining industry focuses primarily on the mood of the leading digital asset, Bitcoin, but other large proof-of-work assets that require mining, are Dogecoin, Bitcoin Cash and Litecoin.
It would not be the first time that the Scandinavian country set up the crypto mining: in 2018 the government of the country ended electricity subsidies for Bitcoin my workers.
In addition, despite an abundance of electricity generated by hydroelectrically, the electricity prices of Norway recently have streamed As the country absorbs energy costs arising from falling wind energy in European neighbors through earlier agreements with those countries. Governments around the world have previously established a bitcoin -mining – especially China, who experienced an exodus of miners in the US after the authorities had banned practice.
Mining Bitcoin and other cryptocurrencies is a power hungry matter. Processes are spread all over the world. Miners usually come to where they can find cheap electricity to feed their setups: warehouses full of specialized computers that process transactions on a crypto network.
Other industries, including AI, also use huge amounts of electricity.
Bitcoin was Recently trade With around $ 103,755, about 24 hours, according to data from Coetecko.
Edited by James Rubin
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