Crypto Mining to Pass Domestic Power Use in Iceland!
The low power bills along with a clampdown in China has made Iceland a hub fro cryptocurrency mining. At this pace the power consumption for crypto mining will outpace domestic power usage sometime this year.
Source: The Inquirer
Im not even surprised...crypto mining takes tons of power and the farms generally have hundreds of GPUs just eating power.
Just incredible the power consumption that crypto needs....interested to see how that evolves in the future?!
This post has received a 0.63 % upvote from @drotto thanks to: @blockchainspoon.
from what I reckon they use a lot os renewable power in Iceland, so if you setup your farm next to good stream you get free electricity ;)