Hydropower

The proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on Tuesday.

Earth Day 2022 is a good day to highlight how crypto mining operations have begun to naturally gravitate toward cheaper and cleaner energy sources.

Norway’s Bitcoin mining credentials are impressive: The small European country hosts 0.77% of Bitcoin’s hash rate using 100% green, renewable energy.

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.

After the given deadline, Yingjiang County reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments within its jurisdiction.