Sweden will limit the supply of electricity to industrial miners in favor of metallurgists – Bits Media

The head of the Swedish Ministry of Energy, against the backdrop of an impending energy crisis, said, that electricity will primarily be supplied to production, providing employment to the population, not BTC miners.

Swedish Energy Minister Hashayar Farmanbar (Khashayar Farmanbar) said, what Now the most important thing is to provide electricity to projects, ensuring job creation, such as steel mills, not bitcoin miners, using huge amounts of energy.

«Honestly speak, we need energy for more useful things, than bitcoin ", said Farmanbar.

According to him, Bitcoin miners use energy-intensive equipment and rely on cheap electricity, and not on human labor, - noted the Minister of Energy. Farmanbar refused to say, what specific measures can be taken to limit mining. The minister's report states, that these may include prioritizing access to energy sources. New productions will be the first to receive it, creating jobs.

In June, the Swedish Central Bank (Riksbank) advocated a complete ban on Bitcoin mining. The regulator demanded to prevent the adoption of Bitcoin in the country, worrying about financial stability and ecology. Also in 2021 Swedish regulators called for a ban on cryptocurrency mining throughout the EU.  The Swedish Greens' proposal is largely in line with China's path: they want to ban Bitcoin mining and limit investments, until it becomes "environmentally correct". Swedish energy workers and many others do not agree with this decision. French company Melanion Capital, specializing in alternative investments, called on Swedish regulators to abandon their opinion, that cryptocurrency mining is unsafe for the EU energy sector. In their opinion, Swedish regulators overestimate the danger of mining for EU energy.