Bitcoin mining is booming in Iceland. Problem is, they don’t have enough energy to go around, and not everyone in the government is on board. Black Out Mining bitcoin – the process of confirming transactions across the blockchain – is an incredibly energy-consuming process. To meet the computational demands needed to actually turn a profit from cryptocurrency payouts, miners require top-tier hardware and cheap energy. Iceland provides the latter, but there isn’t enough for everyone. Read More The post Bitcoin Mining is Booming in Iceland, But at What Cost? appeared first on Bitcoinist.com.



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