Cryptocurrency Mining Will Leave Iceland Without Power

Iceland

Iceland has become the premier hotspot for cryptocurrency mining, more specifically Bitcoin, and the countries officials are now in a panic. With its cool temperatures, it makes it the perfect location to keep these hot data mining centers cool, without the need for extra air conditioning. While Bitcoin’s price has been on the decline within’ the past few months many companies have seen the island as the holy grail to mine the remaining digital tokens. They are equating it as the 21st century ‘gold rush’ as many companies have flooded the country in hopes of starting their own …

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