Iceland may use more electricity mining bitcoin than powering homes this year

“Data centers may use more energy than all of the country’s homes in 2018, Johann Snorri Sigurbergsson from Icelandic energy company HS Orka told the BBC. Bitcoin mining thrives in Iceland, where energy is cheap, and internet connections use super fast fiber-optic networks. Additionally, Iceland’s cold climate plays an important role in ensuring crypto utilities don’t overheat.”

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