Norwegian Bitcoin Miners May Move to Sweden Due to Loss of Electricity Subsidies
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According to bitcoin news, as Norway will cancel electricity subsidies for cryptocurrency miners from January 2019, Swedish data centers expect a new wave of mining companies leaving Norway and seeking to settle in Sweden. Miners operating in Norway will have to pay the equivalent of $0.019 per kilowatt-hour (kWh) in January 2019, up from about $0.00056/kWh under current subsidies. In comparison, Sweden pays about $0.00055/kWh, according to Swedish Data Centers. |
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