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Sweden wants to cut off miners from electricity in favor of factories

Sweden wants to cut off miners from electricity in favor of factories

The government is concerned about electricity consumption, requiring the Swedish Energy Agency to develop a way to track the energy used for cryptocurrency mining.

According to Bloomberg, Sweden faces a choice between providing power to job-creating businesses, such as steel mills, or allocating more capacity to mining companies. 

Changing the order of access to the network for new consumers could be one of the measures taken. Those who benefit society, including generating jobs, would be given preference.

In an interview with the media, Swedish Energy Minister Hashayar Farmanbar admitted that energy is needed for more worthwhile things than bitcoin. In his words, we are entering a period of "extreme expansion" of networks as the manufacturing industry seeks to electrify.

The SSAB company, which plans to produce fossil-free steel, has already said that network operators should prioritize industrial projects such as its own rather than connecting users on a first-come, first-served basis, as they do now.

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