{"id":7147,"date":"2022-09-15T09:53:47","date_gmt":"2022-09-15T09:53:47","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=7147"},"modified":"2022-09-15T09:53:47","modified_gmt":"2022-09-15T09:53:47","slug":"norwegian-town-wants-noisy-bitcoin-miners-out-experts-respond","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=7147","title":{"rendered":"Norwegian town wants &#8216;noisy&#8217; Bitcoin miners out, experts respond"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>There&#8217;s a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are waging war on Bitcoin miners to thwart further BTC mining developments. Their latest protest against proof-of-work (PoW) mining is that it&#8217;s loud.\u00a0<\/p>\n<p>It\u2019s not enough that Bitcoin miners in Sortland use 100% renewable energy sources, create jobs and even use waste heat from the PoW process to dry out timber and seaweed for local businesses; they must do so quietly. <\/p>\n<p>Sortland (red) in the extremes of Norway. Source: Google<\/p>\n<p>Kjetil Hove Pettersen, CEO at local KryptoVault, explained that it could be another case of media spin aiming at Bitcoin. He explained the situation to Cointelegraph:<\/p>\n<p>\u201cIt is usually the negative voices that get the most media attention; this does not reflect on all local opinions.\u201d<\/p>\n<p>Pettersen detailed that grid owners are, in fact, happy to host Bitcoin miners\u2013as Bitcoin miners help to balance grids (as\u00a0recently shown in Texas)\u2013and that &#8220;There is a political or social cost for being outspoken about that in today&#8217;s climate.&#8221; The false narratives that media create are not new, according to Pettersen:<\/p>\n<p>&#8220;[&#8230;] The narrative that we are suppressing other industry establishments by using (the skeptics use the word \u201cwasting\u201d) so much energy, while in fact, the opposite is true. Sometimes we are accused of driving up the energy price, which also is not true.&#8221;<\/p>\n<p>Arcane Research analyst Jaran Mellerud and regular Cointelegraph contributor explained: \u201cNorthern Norway has a massive electricity surplus due to little local demand and limited transmission capacity.\u201d In the north of Norway, where Sortland is located, energy costs are very low, and stranded hydropower is, in fact, abundant.  <\/p>\n<p>Pettersen listed the benefits of Bitcoin mining as adding more revenue to local municipalities&#8217; power grids while supporting grid balance; lowering the overall grid fees for consumers; creating jobs; earning income for the Norwegian treasury as Bitcoin miners pay taxes and finally, contributing to Norway\u2019s national trade balance. That\u2019s without mentioning the direct consequence of Bitcoin mining, securing the world\u2019s largest cryptocurrency. <\/p>\n<p>CSO at the Human Rights Foundation, Alex Gladstein visited Kryptovault and spoke of &#8220;positive externalities.&#8221; Source: Twitter<\/p>\n<p>Pettersen conceded that the Bitcoin industry has \u201cA lot of work to do in telling our story, and dispelling myths and misconceptions.\u201d Bitcoin provides a lifeline to many around the world\u2013particularly in the global south\u2013but the narrative that Bitcoin mining uses more energy than neighboring Finland continues to compel mainstream media publications. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Seven times Bitcoin miners made the world a better place<\/em><\/strong><\/p>\n<p>Similar to Pettersen, for Mellerud, it\u2019s a question of storytelling and narratives. He sums it up succinctly,\u00a0\u201cMunicipalities in northern Norway should appreciate Bitcoin mining as a way to refine the electricity locally.&#8221; He continued:<\/p>\n<p>Bitcoin mining facilities create local jobs and increase the income for the municipalities as they often own the local power-generating companies.\u201d<\/p>\n<p>Unfortunately, narratives that demonize Bitcoin mining and energy consumption continue to make headlines. Noise could be next. <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/norwegian-town-wants-noisy-bitcoin-miners-out-experts-respond\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are waging war on Bitcoin miners to thwart further BTC mining developments. Their latest protest against proof-of-work (PoW) mining is that it&#8217;s loud.\u00a0 It\u2019s not enough that Bitcoin miners in Sortland use 100% renewable energy sources, create jobs and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-7147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7147"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7147\/revisions"}],"predecessor-version":[{"id":7149,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7147\/revisions\/7149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/7148"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}