A large cryptocurrency mining farm operated by Kryptovault north of Oslo, Norway, faces the possibility of shutting down after receiving a bomb threat due to the noise disturbance generated from its operations.
A neighboring resident, Trond Gulestø, says, “The sound of the factory comes 24 hours-a-day, 365-days-a-year. Our summer has been ruined.” Another person went as far as threatening to blow up Kryptovault, saying, “If you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives.”
Kryptovault, who owns three farms, has taken this threat seriously and is concerned that potential intruders could threaten the mining farm in the city of Dale particularly. The facility in question is an old paper mill that has 9,500 mining rigs drawing 40 MW of power. They mine several million NOK per week of crypto, equivalent to several hundred thousand US dollars. The facility actually isn’t causing any environmental harm since it uses wind power and hydroelectric but generates a lot of noise, mostly due to the huge cooling fans required in summer.
As anyone who has had a mini crypto mining farm in their house knows, even a few small mining rigs can generate so much noise, especially from the fans. Based on this, large crypto mining farms should be careful to not choose a location near people’s houses.
Now the local municipal government is stepping in and saying Kryptovault needs to shut down since they lack proper permits. Kryptovault asserts that they had the proper permits since they launched the operation, so a legal battle may ensue. If Kryptovault is forced to shut down, by the time they turn back on their machines, they may no longer be profitable even if it’s a relatively short amount of time. That’s because Bitcoin mining difficulty has been rising exponentially even in this bear market.
Apparently, the mining farm emits sound at 60 decibels which is equivalent to a dishwasher or blender even at a distance. They are installing noise reduction equipment which will reduce the noise to 45 decibels, about the same as rain. Also, Kryptovault is applying for the missing permits.
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