{"id":446413,"date":"2022-05-13T15:15:00","date_gmt":"2022-05-13T12:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-mining-in-norway-gets-the-green-light-as-the-proposed-ban-rejected\/"},"modified":"2022-05-13T15:15:00","modified_gmt":"2022-05-13T12:15:00","slug":"bitcoin-mining-in-norway-gets-the-green-light-as-the-proposed-ban-rejected","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-in-norway-gets-the-green-light-as-the-proposed-ban-rejected\/","title":{"rendered":"# Bitcoin mining in Norway gets the green light as the proposed ban rejected"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41648d2f467\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41648d2f467\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-in-norway-gets-the-green-light-as-the-proposed-ban-rejected\/#%E2%80%9D_Bitcoin_mining_in_Norway_gets_the_green_light_as_the_proposed_ban_rejected_%E2%80%9C\" >&#8221; Bitcoin mining in Norway gets the green light as the proposed ban rejected &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_mining_in_Norway_gets_the_green_light_as_the_proposed_ban_rejected_%E2%80%9C\"><\/span>&#8221; Bitcoin mining in Norway gets the green light as the proposed ban rejected &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>There\u2019s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/e24.no\/norsk-oekonomi\/i\/Po8z3b\/roedt-faar-ikke-medhold-i-forbud-mot-kryptoutvinning\">according<\/a> to a majority vote passed by the Norwegian parliament on May 10.<\/p>\n<p>The proposal to ban Bitcoin mining in Norway was first suggested in March this year by the Red Party (Norway\u2019s communist party.) In this week&#8217;s vote,  the proposal was overturned as only Norway\u2019s left-leaning parties, including the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a>ist Left Party, the Red Party and the Green Party would support a ban on cryptocurrency mining.<\/p>\n<p>Jaran Mellerud, an Analyst at Arcane Research and a Cointelegraph confidant shed light on the developments: \u201cThe vote these parties lost was against banning large-scale Bitcoin mining overall.\u201d<\/p>\n<blockquote><p>\u201cHaving lost this vote, these political parties will likely make one more attempt at increasing the power tax specifically for miners, which is now their only tool left in the toolbox for making life difficult for miners.\u201d<\/p><\/blockquote>\n<p>Contrary to the political parties&#8217; efforts, Bitcoin mining companies in Norway have thrived in recent years. Norway now contributes as much as 1% to the global Bitcoin hash rate, taking advantage of 100% renewable energy in the Land of the Midnight Sun.<\/p>\n<p>Norwegian Mellerud added that \u201cBitcoin-hostile political parties in Norway have been trying to force bitcoin miners out of the country by implementing a higher power tax rate specifically for miners or even attempting to ban mining.\u201d<\/p>\n<blockquote><p>Luckily, they haven&#8217;t been successful, and this decision by the government to not ban bitcoin mining should be the latest nail in the coffin for their attempts to get rid of the industry.<\/p><\/blockquote>\n<p>Cointelegraph previously reported that Norway is a \u201cgreen oasis\u201d for Bitcoin mining, boasting abundant hydropower and low energy prices, particularly in the north. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/0c9480e4-0210-42c6-a9b7-170d41a7e8fb.png\"><\/figure>\n<p>In mid-northern and northern Norway, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/meloyenergi.no\/ac\/dagens-spotpris\/\">cost<\/a> per kilowatt-hour is 0.12 Norwegian Krone ($0.012), a highly competitive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.globalpetrolprices.com\/electricity_prices\/\">rate<\/a> internationally, or \u201cextremely cheap,\u201d Mellerud told Cointelegraph.<\/p>\n<p><strong><em>Related:\u00a0Water great idea! Bitcoin mining heats this swimming pool<\/em><\/strong><\/p>\n<p>The article from Norwegian <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> E24 reported that \u201cordinary households, companies and the public sector pay an electricity tax of 15.41 \u00f8re ($0.015) per kilowatt-hour,\u201d however, in some cases the \u201cmining industry has a reduced electricity tax.&#8221;\u00a0<\/p>\n<p>Mellerud concluded that \u201can increase in the power tax specifically for miners is now much less likely.\u201d Meanwhile, Bitcoin is slowly entrenching into the Norwegian financial landscape as\u00a0retail interest in cryptocurrencies swells\u00a0and TradFi companies have dipped their toes into BTC investments in the country.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-mining-in-norway-gets-the-green-light-as-the-proposed-ban-rejected\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin mining in Norway gets the green light as the proposed ban rejected &#8220; There\u2019s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That\u2019s according to a majority vote passed by the Norwegian parliament on May 10. The proposal to ban Bitcoin mining in Norway was first suggested in March this year&#8230;<\/p>\n","protected":false},"author":1,"featured_media":446414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvN2M1OTExNWItYjc2NS00ZDE4LWE3ZmQtYTlmN2I4Y2ZiZTM4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,78717,90652,75042,74355,117,70752,75723],"class_list":["post-446413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-energy-consumption","tag-greenergy","tag-mining","tag-adoption","tag-business","tag-energy","tag-norway"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/446413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=446413"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/446413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/446414"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=446413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=446413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=446413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}