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RE: Crypto News Flash #99 : Crypto Mining Consumes More Electricity Than Normal Houses Consumption | Should We Be Worried ?
Iceland has a population of only 300.000 people and a cool climate that is favourable towards building mining farms. So I guess it doesn't really surprise me that the power consumption for mining exceeded house consumption.
If that was the case for a bigger country than I would start to wonder if it is a real concern.