Cryptocurrency miners set to use more power than consumers in Iceland this year

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Low-cost electricity generated via geothermal makes Iceland an attractive place for cryptocurrency miners
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Low-cost electricity generated via geothermal makes Iceland an attractive place for cryptocurrency miners

Miners fleeing from China, following crackdown, to Iceland for low-cost energy

Cryptocurrency miners decamping to Iceland are set to use more electricity this year than the domestic population, and it may not be able to ramp up output to satisfy the rapidly rising demand, a local...

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