Sweden’s Energy Minister Khashayar Farmanbar says it is more important to provide electricity for job-creating projects like steel plants than for bitcoin miners using big amounts of power. “We need energy for more useful things than bitcoin, to be honest,”
The Swedish government asked the Energy Agency to track how much power is used for digital infrastructure, with a focus on crypto mining.Sweden’s Energy Minister Khashayar Farmanbarin an interview that it was more important to provide electricity for job-creating projects like steel plants than for bitcoin miners that are using big amounts of power.
“We need energy for more useful things than bitcoin, to be honest,” Bloomberg cited Farmanbar saying in a report published today. Bitcoin miners operate banks of energy-intensive computers and rely on cheap electricity, rather than on human labor. The Swedish government last month asked the Energy Agency to track how much power is used for digital infrastructure, with a focus on crypto mining, Bloomberg said.
Farmanbar declined to say what measures he may take to curb mining. Still, the report said they may include arranging the order in which new power users get access to the grid so that those creating jobs receive preference.
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