Norway is considering mining ban to secure the range
The Norwegian government is considering a temporary ban on crypto mining in the country to “release electricity, network capacity and area for other purposes”.
In a message from Friday explained The Norwegian government that it would be an investigation in autumn that could lead to a temporary ban on crypto mining data centers. Officials said they had the authority to enforce such a ban on the Norwegian Planning and Building Act, which contains provisions on the allocation of energy.
“It is uncertain how big the problem of crypto mining in Norway will be in the future,” says the message. “The registration obligation in the new regulations for data centers will ensure more knowledge about the scope of data centers that dig up cryptocurrencies.”
Like many countries in Europe, the residents of Norway are faced with increasing electricity costs, since the war of Russia with Ukraine and the sanctions have an impact on the region's oil and gas supply. Norway's inhabitants have previously submitted a petition to close crypto mining companies for noise pollution.
Mining ban for environmental protection?
Norway would not be the first country to consider a ban on mining cryptocurrencies. In January, Russia began with a ban in 10 regions as part of the efforts to limit power failures and reduce energy consumption.
China, which was one of the most important sources for crypto mining in 2021, was confronted with a general ban, which many companies were in US states like Texas. Although legislators have spoken out in the US government due to concerns regarding energy consumption against mining, practice in most jurisdiction and states is still legal, which the country is one of the largest contributors to global Bitcoin (BTC) Hashrates.
