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A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party…
The proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on May 10.
Norway’s Bitcoin mining credentials are impressive: The small European country hosts 0.77% of Bitcoin’s hash rate using 100% green, renewable energy.
According to a recent survey from Arcane Research, the number of Norwegian women that own cryptocurrency has doubled from 3% to 6% in just one year.
Not only does one Norwegian Bitcoin miner boast 99% renewable energy stats but it’s even using waste heat to dry out timber and soon seaweed.
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed…
"The future of the financial industry is built on blockchain technology," said NBX CEO Stig Kjos-Mathisen.
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining.…