Home » General World News » Iceland may use more electricity mining bitcoin than powering homes this year

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





Iceland

  • Iceland will likely use more electricity in the next year to mine bitcoin than it uses to power every single home in the country.
  • Bitcoin mining is booming in Iceland, and energy providers are worried they won’t be able to power new mining companies.
  • Iceland’s cool weather, cheap energy and super-fast networks have made the country a popular home for bitcoin mining.
  • Members of the government have proposed taxing profits made by bitcoin mining companies.

Iceland may soon use more electricity to mine bitcoin than it uses to power every home, according to an Icelandic energy expert.

The energy used by Iceland’s read more >>>

Source:: BusinessInsider.Com

Comments are closed.