Post
Topic
Board Bitcoin Discussion
Re: Bad News for miners in Noruega
by
Dondont
on 23/11/2018, 15:39:17 UTC
Following the fall of the prices of the Bitcoin, the government of Noruega has stopped the Electricity Subsidies From Bitcoin Mining Farms. Jon Ramvi, CEO of Oslo-based blockchain advisory group Blockchangers, said: "less mining in Norway will reduce the prices of electricity for companies and people residing in Norway, meaning that we reap the benefits of these resources locally instead of giving it away to Bitcoin miners.”

So bad news for our friends in Noruega with no electrical subsidies and with BTC on low prices...

Article:https://cointelegraph.com/news/norway-withdraws-electricity-subsidies-from-bitcoin-mining-farms

yes, it's sad to see the news that the effect of the fall in the price of bitcoin is very large, especially for those who rely on mining to be the main job to get BTC, if this is the case, they get a big loss

https://news.bitcoin.com/miner-goes-bankrupt-manufacturers-stuck-with-inventory-old-rigs-sold-for-scraps/