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DOMAINS TOKEN-G

Ronald Maguire

13 May 2022 201 Read Crypto , Bitcoin

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Norwegian Parliament Rejects BTC Mining Ban

The Norwegian Parliament has not accepted a proposal to ban energy-intensive crypto mining in the country. The proposal submitted to parliament by the Rødt (Red Party) included using power supplies for other purposes than crypto mining.

Norway produces renewable energy thanks to hydroelectricity. The number of Bitcoin mining firms in Norway has continued to increase in recent years. Green energy sources are generally used for BTC mining in Norway, which provides about 1% of the world's BTC hash rate.

Bitcoin mining difficulty has reached an all-time high. 5% increased difficulty level reached 31.25T.

 

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