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cryptocurrency mining in iceland is using so much energy, the electricity may run out

cryptocurrency mining in iceland is using so much energy, the electricity may run out News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



cryptocurrency mining in iceland is using so much energy, the electricity may run out

iceland's svartsengi power plant. (hs orka)the value of bitcoin may have stumbled in recent months, but in iceland it has so far only known only one direction: upward. the stunning success of cryptocurrencies around the globe has had a more unexpected repercussion on this island of 340,000: it could soon result in an energy shortage in the middle of the atlantic ocean.as iceland has become one of the world's prime locations for energy-hungry cryptocurrency servers — something analysts describe as a 21st century gold-rush equivalent — the industry’s electricity demands have skyrocketed, too. for the first time, they now exceed icelanders’ own private energy consumption, and energy producers fear that they won’t be able to keep up with rising demands if iceland continues ...