Norwegian miners are fleeing the country to neighboring Sweden. What is the reason?
Source:In recent years, the Swedish data centers receive a vast number of requests for cooperation from the Norwegian miners. We will remind, this week the Norwegian authorities have revised fiscal recovery of the energy sector of the country. Due to the increase in electricity tariffs, the future of many mining centres are now under threat, so they seek asylum abroad.
theThe dirtiest form of cryptography
Up To this time mining centres in Norway are paid at the same rate as normal users. Companies with consumption of more than half of the megawatts pay only 0,48 NOK per kilowatt (about 5 cents at current exchange rates). After the introduction of the new tariffs, the miners will have to pay almost two dollars per kilowatt.
The Changes will come into force from January 2019. Such a sharp increase in costs at the low price of Bitcoin makes mining in Norway is completely unprofitable. Many large miners invested in this country because of the cold climate and relatively cheap electricity. They are disappointed that such a serious step was taken by the government without prior discussion with the major cryptocurrency business.
The representative of the Parliament Lars Haltbrekken announced the official motivation of the reform.
theNorway can no longer make concessions to the dirtiest form of cryptography like Bitcoin. Cryptocurrency consumes too much energy and harm the environment.
Victory for Sweden
Of Course, the influx of new customers is good news for Swedish entrepreneurs. Now the country is quite democratic policy electricity — only 0.5 SEK (about five cents).
image Source — Bitcoinist
Under the impact of the Norwegian «sanctions» was even the largest mining company Bitmain. The tariff increase is fully offset by management's plans Bitmain to build a branch in Norway. Let's hope that Sweden will provide a good alternative to all the miners who were caught by surprise.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Analyst: draining of the stock market did not affect the fundamental advantages of Bitcoin
died? As it is not so! Analyst at Morgan Creek Anthony Pompliano believes that in recent months, for cryptocurrency, nothing has changed. It will be sure to grow in the future, and the reversal of the bearish trend's exactly what...
2019 — the year of mass adoption of cryptocurrency. Sure CEO Binance
currently, the stock market passes through all the circles of hell, but no one can deny that this year there have been many achievements. There were a lot of developments that encourage the adoption of cryptocurrencies. Tron of th...
The future is now: Ohio state is allowed to pay taxes bitcoin
the American state of Ohio became the first where bitcoins are accepted as a tax contributions. According to the Wall Street Journal, the first such opportunity will be provided to companies and legal entities. Later, the initiati...
Positive: chain Lightning Network has grown to $ 2 million
Let's digress from charts of cryptocurrencies and move on to more positive news. Recently, the network Lightning Network has achieved yet another result — its total cost has reached two million dollars, even though the rapid fall ...
Bitcoin has bottomed. What's next?
If a little earlier to declare any capturadora that the rate of Bitcoin will drop to $ 3700, you would have considered crazy. But in reality, we where supposed to be. On the eve of thanksgiving in the US there was a good bullish m...
XRP and TRX – one of the main contenders for listing in Bakkt
representatives of the platform Bakkt answered questions from Twitter followers. According to Ambcrypto, the project is interested in listing not only of Bitcoin and alternative cryptocurrencies. We will remind, earlier it was rum...
Opinion shirobana: network Liquid will help to improve the privacy of Bitcoin transactions
Bitcoin enthusiast and shipoping in an interview Crypto Insider told Liquid about the network and how it helps to relieve the network of Bitcoin. In his opinion, she decides the eternal problem of scalability of Bitcoin. Recall th...
Red alert: Ethereum fell back to 101 dollars before further decline
Our previous fully confirmed — not able to roll above the nearest resistance and continues to fall. In the current environment of the stock market to count on a quick trend change is pointless, so try not to succumb to the temptat...
CRYPTOMACH / Bitcoin for 1000, top 5 richest cryptocell, message from Satoshi and Antminer in bulk
Winter is on the doorstep. Despite last year's trends, right now Bitcoin is in no hurry to repeat the rise to 20 thousand dollars. Moreover, today is the first cryptocurrency sold for 3,800 USD, which is ridiculously low. Parse ev...
Bitcoin below $ 3800. For the first time since September 2017
Yesterday, the Bitcoin managed to update the annual minimum. At this time, the cryptocurrency fell below 3800 dollars. It is even less than in September 2017. 1-weekly chart of the asset, the picture looks absolutely awful, most l...
As the first cryptocurrency will bring back a healthy capitalism? The answer of the economist
Professor and Bitcoin economist from Lebanon doctor talked to Express on the subject of cryptocurrencies. According to him, Bitcoin could reproduce the economic system like the gold standard in its most positive manifestations. He...
CEO Ambrosus: capitalization of the stock market will reach 20 trillion dollars
In 2017, Bitcoin and cryptocurrencies in General most often compared with the dot-com bubble. In 2018, this comparison became even more popular, as many opponents of the crypts in one voice insists that the Bitcoin bubble supposed...
Terrible weekend: the end of the week for the stock market? Response graphs
Chart of Litecoin gradually draws a new bottom, and the coin was confident a new line below $ 30. Other altcoins also continue to decline. The bulls, however, there is still hope for a small respite — the market is heavily oversol...
The trader's prediction: Bitcoin will fall by 30 per cent and will focus on the 3 thousand
the Head of Genesis and Genesis Trading Capital Trading again appeared on CNBC in the transmission «Squawk on the Street». He believes that we have groped a bottom of Bitcoin is only somewhere around 3 thousand. The assu...
In the Ledger resumed support after Cash Bitcoin hard forks coins
nearly a week after hard forks Cash hardware wallet Ledger resumed support for the cryptocurrency. Earlier, the developers of the Ledger to suspend transactions BCH due to concerns about the division of the blockchain coins on two...
The whole truth about the fork: Ethereum Ethereum is better than Classic?
If you look closely at the list of available cryptocurrencies, it is easy to see that there are two versions: just Ethereum (ETH) and Ethereum Classic (ETC). Two of these cryptocurrencies not only have one name, but have an intere...
White flag: SV team Bitcoin conceded defeat in the "war of Harrachov"
Hardwork Bitcoin in August of 2017 has created a lot of conflicts in cryptocommunist. Emerged into the light Bitcoin Cash some called useless Aldona, others «real Bitcoin». However, the division circuit the Bitcoin Cash ...
Google Trends: the number of queries about Bitcoin reached a six-month high
Due to the sudden collapse of Bitcoin prices, the number of queries in Google on the topic struck a semi-annual maximum. The latest data from Google Trends shows a spike of interest in the topic of cryptocurrency after Bitcoin pri...
Comments (0)
This article has no comment, be the first!