Crypto Mining in Norway
Norway Mining Environment
Norway generates ~98% of its electricity from hydroelectric power, providing clean, relatively cheap energy. The country has several Bitcoin mining operations attracted by renewable energy credentials and sub-zero ambient temperatures. Electricity rates are variable on Norway's spot market (Nord Pool), with significant seasonal swings — winter rates can spike.
Electricity: Industrial average: ~$0.07–0.10/kWh on spot market. Residential: ~$0.10–0.18/kWh seasonally. 98% hydroelectric.
Legal status: Legal. Norway removed a tax exemption for data centers (including crypto mining) in 2023, making mining somewhat less attractive. Some municipalities have sought to limit large mining operations due to power grid strain.
Notable operations: Kryptovault, Bitcoin Suisse (Nordic operations).
Coin Profitability in Norway at $0.08/kWh
Best-in-class hardware for each coin, ranked by estimated daily profit. Based on current price and network difficulty, updated in real time.
| Coin | Algorithm | Best Hardware | Daily Profit | Monthly | Status |
|---|---|---|---|---|---|
| Zcash (ZEC) | Equihash | Bitmain Antminer Z15 Pro · 2650 W | +$56.35 | +$1,691 | Profitable |
| Kaspa (KAS) | kHeavyHash | Bitmain Antminer KS7 · 3300 W | +$10.89 | +$327 | Profitable |
| Dogecoin (DOGE) | Scrypt (AuxPoW) | Bitmain Antminer L9 · 3360 W | +$8.97 | +$269 | Profitable |
| Bitcoin (BTC) | SHA-256 | Bitmain Antminer S21 XP Hyd · 5676 W | +$4.94 | +$148 | Marginal |
| Monero (XMR) | RandomX | NVIDIA GeForce RTX 4090 · 280 W | +$0.15 | +$4 | Marginal |
| Bitcoin Cash (BCH) | SHA-256 | MicroBT Whatsminer M66S · 3441 W | +$0.10 | +$3 | Marginal |
| Ethereum Classic (ETC) | Etchash | AMD Radeon RX 6800 XT · 120 W | −$0.19 | −$6 | Break-even |
| Ravencoin (RVN) | KAWPOW | AMD Radeon RX 6800 XT · 150 W | −$0.26 | −$8 | Break-even |
| Alephium (ALPH) | Blake3 | AMD Radeon RX 6800 XT · 140 W | −$0.27 | −$8 | Break-even |
| Litecoin (LTC) | Scrypt | Bitmain Antminer L9 · 3360 W | −$4.50 | −$135 | Unprofitable |
Estimates use Norway's average rate of $0.08/kWh. Enter your exact rate in the live calculator for personalised figures.
Frequently Asked Questions
Which cryptocurrencies are most profitable to mine in Norway in 2026?
At Norway's average electricity rate of $0.08/kWh, 6 of 10 supported coins are currently profitable with their best-in-class hardware: Zcash, Kaspa, Dogecoin, Bitcoin, Monero and Bitcoin Cash. The top performer is Zcash (ZEC), earning an estimated $56.35/day on a Bitmain Antminer Z15 Pro. Rankings shift with coin price and network difficulty — use the live calculator for your exact setup.
What is the electricity rate for crypto mining in Norway?
Industrial average: ~$0.07–0.10/kWh on spot market. Residential: ~$0.10–0.18/kWh seasonally. 98% hydroelectric. This rate is moderate by global standards — efficient hardware is required for profitability.
Is crypto mining legal in Norway?
Legal. Norway removed a tax exemption for data centers (including crypto mining) in 2023, making mining somewhat less attractive. Some municipalities have sought to limit large mining operations due to power grid strain.
What is the best mining hardware to use in Norway?
It depends on the coin. For the most profitable option right now — Zcash — the standout unit is the Bitmain Antminer Z15 Pro (840 kSol/s, 2650 W) at an estimated $56.35/day. The table above lists the best hardware for each of the 10 supported coins at Norway's electricity rate.
How does Norway's electricity rate compare globally for mining?
At $0.08/kWh, Norway's rate is below the global average for mining operations — competitive enough for efficient ASIC miners to be profitable at current coin prices. For comparison: Ethiopia ~$0.02/kWh, Paraguay ~$0.03/kWh, Kazakhstan ~$0.04/kWh, USA (industrial) ~$0.04–0.07/kWh, Germany ~$0.32/kWh.
Mining in Other Countries
Enter your exact electricity rate — not just the country average — for accurate profitability across all 10 coins.