A Norway-based crypto mining farm accused of making too much noise may have to suspend its operations due to regulatory problems.
Kryptovault, which operates facilities in several Norwegian cities, could be closed because it lacks the right permits, The Local reported Tuesday.
Local officials say the facility "Has been operating illegally," though it's not clear which the mine is required to have.
As a result, the local government may force Kryptovault to shut down its miners - at least temporarily.
CEO Stig Myrseth told the paper that the company has applied for the missing permits, adding that the firm was told it had the appropriate permits when it first took over an old paper mill.
The facility draws as much as 40 megawatts of power to run 9,500 computers, and the fans used to cool the facility have sparked complaints over the last several months because of their noise level.
A nearby resident, Trond Gulestø, reportedly told another paper that "Our summer has been ruined," explaining that the farm generates noise "24 hours a day, 365 days a year."
Last week, as previously reported, the noise level resulted in a bomb threat being made against the company.
An anonymous letter stated that "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 is looking to invest in equipment to reduce the noise pollution it produces, according to The Local.
Crypto Mine Hit With Noise Complaints May Be Shut Down
pubblicato su Aug 23, 2018
by Coindesk | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.