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Topic: Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills - page 2. (Read 320 times)

legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
"Compromise"

Is what I say when I hear such news. On one hand you have mining companies who are trying to make a living and on the other side you have local residents who have to bear the noise and have an unknown invisible cut on their bills.

Bad for the company to set up in a location where locals are living. I hope their permit is renewed quickly but they should think about changing their location if feasible.

A lot of factors might be at play here, we are only seeing one side of the story.
they sold off all their s19 in an auction I think they are done.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
"Compromise"

Is what I say when I hear such news. On one hand you have mining companies who are trying to make a living and on the other side you have local residents who have to bear the noise and have an unknown invisible cut on their bills.

Bad for the company to set up in a location where locals are living. I hope their permit is renewed quickly but they should think about changing their location if feasible.

A lot of factors might be at play here, we are only seeing one side of the story.
sr. member
Activity: 1190
Merit: 469
Locals had complained for years about noise from the mine's cooling fans. However, due to the closure, residents are now faced with paying several hundred dollars more per year for electricity.

https://bitcoinmagazine.com/business/bitcoin-mining-shutdown-cause-20-surge-in-electricity-bills

So people in Norway had to suffer through noise pollution for years thanks to bitcoin and now they get a gift of having a bigger bill every month.

The company estimates bills could rise by up to $300 monthly.

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