Norway wants to ban bitcoin mining. The miners already left
Оригінальний заголовок (норвезька): Norway Wants to Ban Bitcoin Mining. The Miners Already Left | Rachel Geyer, EBEA
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Bitcoinpolitisk institutt ·
In a talk for Bitcoinpolitisk Institutt in Oslo, Rachel Geyer of the European Bitcoin Energy Association argues that Norway's proposed mining ban targets a problem the country does not have. She says Norway produces about 1 to 1.8 percent of global hash rate while mining uses under one percent of Norwegian electricity, and that the two large operators in the north are already shifting to artificial intelligence because it pays better, not because they were regulated out. She describes mining as a flexible load that can be switched off in seconds and turned into heat, and she predicts that the future of mining in Norway is heat recapture rather than warehouses.