Blockchain

Crypto News: Mining Bitcoin (BTC) In Norway Gets a LOT More Expensive in 2019 and Crypto Market Still Down

Crypto News: Mining Bitcoin (BTC) In Norway Gets a LOT More Expensive in 2019 and Crypto Market Still Down

In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low.

Crypto News: Bitcoin Mining in Norway

A Swiss newspaper made the announcement today that its country will be acting to end electricity subsidies for Bitcoin mining. Until now, mining farms operating in Norway have been paying a low rate of 0.48 ore per kilowatt. As of January 2019, it will be raised to 16.58 ore per kilowatt.

Lars Haltbrekken, a parliamentary representative from the Swiss Socialist Left Party, said:

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