Aug 24, 2018 06:29 UTC
Aug 24, 2018 at 06:29 UTC
Norway Doesn’t Like The Noise Of Crypto Mining
A huge number of noise complaints, added to lack of proper documents, may now lead to the shutdown of Norway-based crypto-mining firm Kryptovault. Headquartered in what was originally a paper mill in Oslo, the firm regularly requires over 40 megawatts of power to run their roster of almost 10,000 devices. The infrastructure of the facility is enough to mine a few million Norwegian Kroners worth of BTC Evey week, but the residents have not been swayed as yet with any kind of financial promises.
The excessive noise mostly arises from the huge fans that are needed to cool the mining devices. A number of residents in the location have been forced to leave their bedrooms that are close to the facility, and keep all openings shut throughout the length of the day, even during the summer heat.
The situation has gotten bad enough that the firm has reportedly received a bomb threat a few days back. It read:
“This is sabotage. 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.”
After the threat, managing director of Kryptovault Gjermund Hagesaeter forwarded it to the local police, and also sent out a notice to employees arming them to maintain caution, especially while travelling.
However, the noise isn’t all of Kryptovault’s concerns. Reports show that the firm didn’t have all the necessary paperwork to continue its mining operations, and has therefore been working illicitly since last year. A construction case executive from the local municipality, Arne Hellum, explained that the firm might have to close its doors for the time being, and stop all operations till it acquires all the necessary permissions.
Kryptovault executives maintain that their papers were all in order when they first began operations. They intend to fight against any order for closing down their business while it applies for the documents, but also admits that they have had issues with local residents. The firm is now purchasing noice-reducing equipment that might bring down noise levels.