Norwegian data centers' power consumption drops sharply alongside Bitcoin price fall, raising questions about crypto mining estimates
By
Håvard Nyhus
Toasted golden, schmeared with insight. Top of the rack.
Summary
The article investigates the discrepancy between official estimates of electricity consumption by cryptocurrency mining in Norwegian data centers and the actual situation. As Bitcoin prices have fallen sharply, electricity usage at these data centers has also plummeted, suggesting that a significant portion of the power previously consumed was tied to crypto mining. The Norwegian government wants a temporary ban on new crypto mining, but there is no clear picture of how many operators are active or how much power they actually use. The article raises questions about the reliability of official data and the true scale of crypto mining operations in Norway.
Key quotes
· 3 pulledRegjeringa ønsker eit mellombels forbod mot ny kryptoutvinning. I mellomtida er det ingen som veit nøyaktig kor mange som driv med kryptoutvinning, eller kor mykje straum dei bruker.
Frå Styggevatnet i enden av Jostedalsbreen tar Jostedøla fart og dundrar nedover mot Sognefjorden.
Til summinga frå kjølevifter blinkar det uavbrote i tusenvis av hyperaktive diodar, medan datamaskinene
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