Just some Bitcoin mining machines heating a town in Finland. Our sixth site here is coming online soon — providing heat for the Finns and bitcoin for their owners. At this point, bitcoin mining is probably heating the homes of over 100,000 people in Finland.

Initially, I didn’t think AI data centers would come to Northern Norway due to lack of redundancy etc. Now they are already coming. Aker, a leading Norwegian industrial conglomerate, are investing heavily in this. They probably understand that AI is the future of electricity

This will be one of Norway’s biggest AI data centre at 230 MW. I drove past it today by coincidence. It is located near Narvik in Northern Norway 🇳🇴

The most critical factor to consider before choosing a bitcoin mining hosting provider is their track record and credibility. You are entrusting third parties to manage your valuable machines. Trusting the wrong people could be disastrous. Learn more in this article

I think is very cool that the early hydro power plants in Norway almost only used local parts, made by some local handymen from small villages. Norway was built on testing, trial and error. You can call it the «cowboy» mentality. That innovative mentality, coupled with a huge

1.2 MW hydro power turbine from 1938. Built in a local workshop in a village in Nortern Norway 🇳🇴 Norway is a global pineer and leader in hydro power technology.

Did you know that some hosting providers charge you for up to 5% downtime before they issue downtime credits? This 5% can lift your effective hosting rate from the advertised $0.075/kWh to $0.079/kWh. Miners should only pay for the electricity actually used. Period.

When hosting your bitcoin miners with a third-party, it is extremely critical to pick a solid provider. Here are 9 factors you should evaluate before choosing your bitcoin mining hosting provider. Read the article in the comment to learn more

You still have to pay tax on the profit generated from your mining operations. Revenue is recognized based on the BTC price at the time you receive it from your mining pool. Example: If you receive 1 BTC from your pool over a year at an average BTC price of $100k, and spend

You still have to pay tax on the profit generated from your mining operations. Revenue is recognized based on the BTC price at the time you receive it from your mining pool. Example: If you receive 1 BTC from your pool over a year at an average BTC price of $100k, and spend

This article is mostly about bonus depreciation, which is now aggressively being promoted as a genius way to save taxes for US miners.

You can learn more about this misconception in our article. https://t.co/E3lXV0Jxgz

It is crazy to see how many miners believe they can save taxes by mining bitcoin. It is pretty simple. Mining will (hopefully) generate a profit for you. That profit is taxable. Compared to buying BTC, mining will increase your tax bill.

Bitcoin mining hosting: 9 factors to evaluate when choosing a provider. Read the article here. https://t.co/6PxesuwjgL

When hosting your bitcoin miners with a third-party, it is extremely critical to pick a solid provider. Here are 9 factors you should evaluate before choosing your bitcoin mining hosting provider. Read the article in the comment to learn more

Right now, approximately 71 TWh of energy is stored in hydropower reservoirs in Norway. This could have produced about 93,000 BTC ⚡️ I'm not saying Norway should do this... but theoretically we could 🇳🇴

This is the way.

This is a more important metric than people realise.

Just to give some perspective: 93,000 BTC is 57% of all the bitcoin that is being mined per year in the entire world. So, yes, Norway has a lot of energy. And as if that wasn't enough, we not only have tremendous amounts of hydropower. We also have a lot of oil and gas.

https://t.co/U9JX45H6CR

Right now, approximately 71 TWh of energy is stored in hydropower reservoirs in Norway. This could have produced about 93,000 BTC ⚡️ I'm not saying Norway should do this... but theoretically we could 🇳🇴