Kryptovault On The Verge Of Being Shut Down

Aug 23, 2018 at 13:00 Update Date :Aug 23, 2018 at 13:00 UTC

Just after receiving bomb threats the past week, Kryptovault has now been ordered to shut down temporarily by the local authorities of Norway.

Norwegian edition of The Local, recently reported, that the Bitcoin mining facility run by the Kryptovault in Norway is on the verge of undergoing a forced closure by the local municipality. This comes after a handful of residents of that area filed complaints with the municipality. As per the residents’ claims, the huge fans that are installed at Kryptovault’s facility in Hønefoss, for the purpose of lowering the temperatures generated by 9,500 mining rigs, create a hell lot of noise making human survival nearly impossible in the area.

In the words of a local resident, Trond Gulestø,

“The sound of the factory comes 24 hours-a-day, 365-days-a-year. Our summer has been ruined.”

While others living in the area say that it became quite troublesome, especially because of the summer season. In order to prevent the noise, they have had to keep their windows shut, even when it was extremely hot. Some of them mentioned that they had to avoid sleeping in their bedrooms, so as to escape the noises.

In addition to this, some reports suggest that the operations, that are being carried out at the Bitcoin mining facility, are illicit and lack the possession of requisite permissions.

Citing Arne Hellum from The Local,

“The local government might now order Kryptovault to temporarily shut down in Hønefoss until it receives the required permits.”

Hellum has been charged with the responsibility to look after all the construction cases relating to the nearby Ringerike municipality.

Stig Myrseth, the CEO of Kryptovault, also makes a statement to cover up. He mentions that prior to beginning with the mining operations, the company had been educated that it had all the necessary licenses. Additionally, he suggested that the firm ensured application for the permits which it did not possess already.

Furthermore, he goes on to tell that Kryptovault is processing the acquisition of the necessary equipment. These types of equipment would greatly help in cutting down the current noise pollution levels of approximately 60 decibels to under 45 decibels or so.

As far as the threats received by the company are concerned, they were all in connection with the nuisance created as a result of the excess noise. The threats were directed towards the company in general and did not concern any facility (Hønefoss, Follum, or Dale), in particular. The warning, therefore, compelled the Bitcoin mining firm to enforce precautions at all its facilities.

The exact words of the ultimatum read,

“This is sabotage. 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.”

On receiving the threat, Kryptovault came out and recognised the reasons behind them, owing to its recent conflicts with those living near its facilities in Dale and Hønefoss. Not only did the firm’s executives notify the police, but also, they instructed their employees to remain watchful. Out of all, Dale facility, remained the company’s prime focus, as it is considered conveniently reachable, in comparison to the Follum facility — which is established on a fenced-in property.

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