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Sebastian

Norway Withdraws Electricity Subsidies From Bitcoin Mining Farms

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Norway is ending subsidies on BTC mining facilities.  The rates are going up by a factor of 35.

https://cointelegraph.com/news/norway-withdraws-electricity-subsidies-from-bitcoin-mining-farms

Quote

Norway has acted to end electricity subsidies for Bitcoin (BTC) mining facilities, Norway’s largest printed newspaper Aftenposten reported Nov. 21.

Until now, mining farms — in keeping with other power-intensive industries — paid a low rate of 0.48 øre ($0.05) per kilowatt. This will now rise to 16.58 øre per kilowatt as of January 2019, following an amended to the state budget agreement. One vocal parliamentary representative for the Socialist Left Party (SV) Lars Haltbrekken is quoted as strongly advocating the action, arguing:

"Norway can not continue to provide huge tax incentives for the most dirty form of cryptocurrency output [...] [Bitcoin] requires a lot of energy and generates large greenhouse gas emissions globally."

 

Edited by Sebastian

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47 minutes ago, Skippy said:

Holy damn!!! It's happening! The flippening (soon)

Yes it is, but ii might hurt the DA market in the short term, but not in the long term. It is a very healthy signal to an outdated Technology.

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57 minutes ago, SquaryBone said:

Oh God there we go again: 100 crap articles with conspiracy that xrp will replace usd, go to 589 and up, ...

I saw read just one. Uncertaintity rules right now. XRP hitting 589 is just Crap. But what happens if BTC falls to 589 :D

Edited by zenkert

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5 hours ago, SquaryBone said:

Oh God there we go again: 100 crap articles with conspiracy that xrp will replace usd, go to 589 and up, ...

The article has nothing to do with XRP which is why it is posted in off-topic.  ;)

Edited by Sebastian

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On 11/22/2018 at 10:54 PM, SquaryBone said:

Nonetheless I expect these articles to come. "Connect the dots" ;)

I had thought you were lumping me in with the conspiracy/589 crowd.  :D

Edited by Sebastian

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