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Norway plans temporary ban on power-intensive cryptocurrency mining
Norway aims to impose a temporary ban on the establishment of new data centers that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country’s government said on Friday. “The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,” Minister for Digitalization and Public Administration Karianne Tung said in a statement. “Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,” she added. A temporary ban ... (full story)
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