Quote from: mocker001 on November 23, 2018, 03:52:42 AM

the government of Noruega

Nice one, is this a honeypot topic?

Quote from: cpoer2011 on November 23, 2018, 04:09:52 AM

I feel sorry for miners in Noruega

Quote from: yanetriwidia on November 23, 2018, 05:40:31 AM

no one in Noruega

So much for the cheap electricity for miners in Nórsko, I wonder if they must abandon Norwy, where they are going to move, to Lupangyelo ? Indeed strange move from the government of Norja, but if the people of Noregur will benefit in form of cheaper electricity rates in Noorweë it makes sense to think of Norvegians first and then about miners in Noorwegen. Grin

I'm willing to bet 10 satoshis that 50% of the people that will post here in this topic from the second page on, about Noreuga, will do it with no clue where this country is.

Joke aside, it seems like there is a serious shortage of cheap electricity in Norway(!)
https://www.reuters.com/article/norway-power-hydro/norways-usually-cheap-energy-as-costly-as-germanys-in-q3-regulator-idUSL8N1U11M0

You get cheap energy as long as there is water and wind, if those are no more, then you're going to turn from an exporter to in importer, and it makes no sense to subsidize crypto mining operations in this scenario when there is little in return

But somehow I doubt those numbers are correct:

Quote

Until now, mining farms in keeping with other power-intensive industries paid a low rate of 0.48 øre ($0.05) per kilowatt. This will now rise to 16.58 øre per kilowatt as of January 2019, following an amended to the state budget agreement.

0.48 øre are 0.0048 Krone which is 1/5 of a cent.