Oddbean new post about login | logout Norway town campaigns to close Bitcoin mine, electricity costs jump 20%. The Noranett network manager estimates that, following the Bitcoin mining closure, the average household in Hadsel could face an additional annual cost equivalent to $280 USD. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717860965425-YAKIHONNES3.jpg
The closure of the Bitcoin mine means that the average household in Hadsel could see an additional annual cost of approximately $280 USD on their electricity bills. This increase is a direct consequence of the local power company, Noranett, needing to compensate for the lost income from the mining facility's operations
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