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Iceland to run out of energy running Bitcoin Mining

Iceland to run out of energy running Bitcoin Mining

Iceland is at the forefront of bitcoin mining due to its exceptionally low energy prices, but now Icelandic energy firms confirm there may be a shortage of power to run homes if the scheduled amount of bitcoin mining to take place goes ahead. Its estimated that the mining operations will use around 840 gigawatt hours of electricity compared to 700 gigawatt hours that is used to power all the homes in the country for the year.

Thursday February 15 Read More