Cryptocurrency News

Bomb Threats, Eviction Notices, Why Do People Hate Kryptovault?

It’s been a tough few days for KryptoVault: Less than a week after receiving bomb threats, the Norwegian bitcoin mining operation now faces eviction from one of their work premises by local authorities. Seems like KryptoVault have few friends and plenty of enemies!

Last week, a Norwegian cryptocurrency mining company made headlines around the world when they received a bomb threat, believed to be in retaliation to the noise levels emitted by the machinery used in their large facility.

The Rogaland based mining firm KryptoVault had been the subject of  TV news report that had accused them of “sabotaging the peace” and “committing noise pollution” with its various mining sites throughout Norway.

Bomb Threats

Soon after the TV report aired, KryptoVault received an anonymous message that read:

 “if you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives.”

KryptoVault’s managing director, Gjermund Hagesaeter reported the threat to the Norwegian police, and then made a statement in which he said the both himself and his staff, as well as the local authorities were “taking the whole issue very seriously indeed.”

Eviction Notices

Just when it looked as if things couldn’t possibly get any worse for KryptoVault, today (Thursday August 23) they received notice that the local authorities were closing down the building which houses one of their main mining operations in the town of Hønefoss.

According to a local Norwegian newspaper, a large Bitcoin mining facility that KryptoVault runs in Hønefoss is on the verge of being shut down by the local council following multiple complaints from residents as to the level of noise coming from said facility. Residents complain that the huge fans needed to cool down the 9,500 mining rigs generates a level of noise that is almost unbearable.

About KryptoVault

Founded in 2017 by Kjetil Hove Pettersen and Rein-Owe Flister (picturedbelow), Norwegian company KryptoVault have – in the space of a year – has become the no.1 crypto-mining operation in Norway. KryptoVault are specialists in large-scale cryptocurrency mining. Miners keen to use their facilities do so because of the high level of hosting and hardware provided by KryptoVault. Clients are welcome to reserve space and power at any of their current facilities, and can even reserve time in the company’s projected upcoming facilities.

KryptoVault are proud to state that all of their facilities are powered with green and clean Norwegian energy sources from hydro-, and wind-powered turbines.

The facility at Hønefoss uses 40MW of power to drive 9,500 adapted computers, also known as mining rigs. It is capable of mining several million Norwegian kroner’s worth of bitcoin a week.  Digital currency investors and Bitcoin fanatics can lease multiple rigs from KryptoVault at this facility and run their own business.

In the village of Follum, KryptoVault have purchased the former paper mill and turned it into a state-of-the-art facility geared toward mining Bitcoin (pictured above). So despite a lack of popularity among the locals at every location they open a facility, despite the bomb threats, and the eviction notices, KryptoVault are here to stay, and only getting bigger.

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