The Norwegian city wants to drive out the “noisy” Bitcoin miners, experts say

There is a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are declaring war on Bitcoin miners to thwart further BTC mining developments. Their latest protest against proof-of-work (PoW) mining is that it’s loud.

It is not enough for Bitcoin miners in Sortland to use 100% renewable energy sources, create jobs, and even use waste heat from the PoW process to dry lumber and seaweed for local businesses; they must do it in silence.

Sortland (red) in the extremes of Norway. Source: Google

Kjetil Hove Pettersen, CEO of local KryptoVault, explained that it could be another case of media rotation targeting Bitcoin. He explained the situation to Cointelegraph:

“It is usually the negative voices that get the most attention from the media; this is not reflected in all local opinions ”.

Pettersen detailed that network owners are, in fact, happy to host Bitcoin miners, as Bitcoin miners help balance networks (as shown recently in Texas) and that “There is a political cost. or social to be explicit about it in today’s climate. “The false narratives created by the media are not new, according to Pettersen:

“[…] The narrative we are suppressing other industry institutions using (skeptics use the word “waste”) so much energy, while in fact the opposite is true. Sometimes we are accused of driving up the price of energy, which is not even true. “

Arcane Research analyst Jaran Mellerud and regular Cointelegraph contributor explained: “Northern Norway has a huge electricity surplus due to low local demand and limited transmission capacity.” In northern Norway, where Sortland is located, energy costs are very low and blocked hydroelectricity is, in fact, abundant.

Pettersen listed the benefits of mining Bitcoin as adding more revenue to local municipalities’ power grids while supporting grid balancing; lowering of overall network tariffs for consumers; create jobs; earning revenue for the Norwegian treasury while Bitcoin miners pay taxes and ultimately contributing to Norway’s national trade balance. This is without mentioning the direct consequence of Bitcoin mining, which secures the largest cryptocurrency in the world.

CSO at the Human Rights Foundation, Alex Gladstein visited Kryptovault and talked about “positive externalities”. Source: Twitter

Pettersen admitted that the Bitcoin industry has “a lot of work to do to tell our story and dispel myths and misconceptions.” Bitcoin provides a lifeline to many around the world, particularly in the global South, but the narrative that Bitcoin mining uses more energy than neighboring Finland continues to convince major media publications.

Related: Seven times Bitcoin miners have made the world a better place

Similar to Pettersen, for Mellerud it is a matter of narration and narratives. He summarizes briefly: “Northern Norwegian municipalities should appreciate Bitcoin mining as a way to refine electricity locally.” He continued:

Bitcoin mining facilities create local jobs and increase revenue for municipalities as they often own local power generation companies. “

Unfortunately, the narratives demonizing Bitcoin mining and energy consumption continue give titles. Noise could be next.