Bitcoin Miners Dump Mining Farm in Sweden Due to Cost of Electricity – Is Bitcoin Mining Becoming Less Profitable?

Norrbotten, a county is Sweden, is counting its losses right now as two Bitcoin mining companies NGDC, a Miami-based company, and Chasqui Tech abandoned their mining facilities in the county leaving behind huge bills for electricity and rent respectively. According to a local radio station, NGDC which started mining in Älvsbyn, suddenly left after its […]

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