Bitcoin energy use in Iceland set to overtake homes, says local firm

Posted in: Internet Use/New Technologies at 13/02/2018 08:59

Iceland is facing an "exponential" rise in Bitcoin mining that is gobbling up power resources, a spokesman for Icelandic energy firm HS Orka has said.

This year, electricity use at Bitcoin mining data centres is likely to exceed that of all Iceland's homes, according to Johann Snorri Sigurbergsson.

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