Residents of Hadsel, Norway, have succeeded in shutting down their local Bitcoin mining operation, but are now facing rising energy bills. 🏠

- Politicians are criticizing Bitcoin, but people are suffering, says venture capitalist Daniel Batten.

- The noise from the mining facility was a nuisance to residents, but its closure has cost the local power company 20% of its income.

- Now electricity bills are rising to offset the losses.

The mayor of Hadsel is looking for new projects to offset the losses.