Tech

A huge drop in power prices has made Sweden and Norway lucrative for mining cryptocurrencies, giving big miners alternatives to China, Kazakhstan, and Canada (Jesper Starn/Bloomberg)



Jesper Starn / Bloomberg:

A huge drop in power prices has made Sweden and Norway lucrative for mining cryptocurrencies, giving big miners alternatives to China, Kazakhstan, and Canada  —  – Wet and mild weather pushed up output from hydro power plants  — Lower input costs for making Bitcoin coincided with price rise




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