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Bitcoin Mining Ban in Norway Raises Power Costs 20%

  • The Bitcoin mining facility in Hadsel, Norway, was shut down after noise complaints
  • Following the closure, local residents face a 20% increase in their electricity bills
  • The facility consumed energy equivalent to that of 3,200 households per year
  • The closure of the facility has led to a revenue loss for the local grid company, resulting in higher costs for residents

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