Saturday, September 14, 2024

Norwegian small town politics is comedy gold

Politicians fall into the cobra effect trap once again:

"The mayor cheered the shutdown of the controversial Bitcoin mining data center, but now residents are facing an unexpected consequence: a hefty bill increase."
Locals will now have to pay an extra $200-$300 per year due to increased costs to grid fees without the big mining customer, and the mayor of this remote municipality comments: 


"We work continuously to facilitate the industrial activity we want in the municipality. It may not be something we can solve in just one month, but we are dedicated to promoting business development every single day." (Which is political jargon for: it will likely never happen.)
The "celebration" ended the moment they got their first bill - You can't make this up.


And the source that pointed me to this: https://x.com/4lexEllefsen/status/1834887752459948505

And, before someone will comment on this article Muh, Bitcoin mining bad, here is a soothing FUD busting article: https://bravenewcoin.com/insights/bitcoin-mining-emissions-surprise-new-research-findings


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