Norwegian Town Bans Bitcoin Mining, Electricity Bills Surge $300 Per Household

Article is form Jinse
September 14, 2024
This article is translated by ChatGPT Show original
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"Golden Finance reports that Dennis Porter, co-founder of the Satoshi Action Fund, stated on X that after a Norwegian town banned Bitcoin mining, electricity bills for each household increased by $300, a rise of over 25%. Following the ban, the region's electricity demand dropped, leading to remaining users bearing higher electricity costs to make up for the revenue lost from mining companies exiting. This change has raised concerns about the allocation of electricity infrastructure costs."

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