Iceland: Crypto Mining Companies Will Consume More Energy Than Households In 2018

in #bitcoin7 years ago

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Iceland is set to consume more energy for crypto mining than for household use this year, the Associated Press reports Monday, Feb. 12. The naturally cold climate and access to renewable energy are listed as the primary reasons for the influx
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by Molly Jane Zuckerman
Source https://cointelegraph.com


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Source: https://cointelegraph.com/news/iceland-crypto-mining-companies-will-consume-more-energy-than-households-in-2018

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An aspect of bitcoin I had never considered. According to Smari McCarthy, member of Iceland's Parliament, "The value to Iceland... is virtually zero".