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climate persists year round that might not be great for visitors but it s an advantage for the cryptocurrency industry which is flocking to iceland and ever larger numbers. iceland s cold winds help keep computers cool thousands of computers with powerful graphics cards are needed to create cryptocurrency on an industrial scale those computers need constant cooling to prevent overheating. some data centers such as this one in keflavik only have partial walls on each side allowing a cold draft to enter. i suppose basically all the ingredients the miners and all the high performance computing companies require it haas the abundance of green electricity it has the cold climate it is a located in a fairly secure location keflavik big cohen farms are powered with electricity from
miners and all the high performance computing companies require it has the abundance of green electricity it has the cold climate it is a located in a fairly secure location keflavik big cohen farm system for its electricity consumption and environmental impact at less than forty u.s. dollars per megawatt hour iceland s energy is also comparable cheap in china prices are more than twice as high an estimated fifty megawatts are currently being used for mining bitcoin and other crypto currencies in iceland that equals about half of what the countries people use to power their homes the industry is expected to double its usage this year it faces resistance critics still fear the environmental impact and demand regulations and taxes but in the moment as countries like china and south korea increase the pressure on cryptocurrency is cold iceland represents
many investors in banding the market and. tonally minus of the cryptocurrency dough are pushing on so long as they can get cheap electricity that willing to keep their chips in the game and that s what makes the country of iceland a haven from minus the low temperatures helping keep their computers cool while hoping for the bitcoin market to heat up again at the edge of the arctic the cool climate persists year round that might not be great for visitors but it s an advantage for the cryptocurrency industry which is flocking to iceland an ever larger numbers. iceland s cold winds help keep computers cool thousands of computers with powerful graphics cards are needed to create cryptocurrency on an industrial scale those computers need constant cooling to prevent overheating. some data centers such as this one in keflavik only have partial walls on each side allowing a cold draft to enter. eyes of house basically all the ingredients the
a nearby geothermal energy plant it s one hundred percent green like all the countries power a bonus for an industry facing criticism for its electricity consumption and environmental impact at less than forty u.s. dollars per megawatt hour iceland s energy is also comparable cheap in china prices are more than twice as high an estimated fifty megawatts are currently being used for mining bitcoin and other crypto currencies in iceland that equals about half of what the countries people use to power their homes the industry is expected to double its usage this year it faces resistance critics still fear the environmental impact and demand regulations and taxes but in the moment as countries like china and south korea increase the pressure on crypto currencies cold iceland represents a warm welcome. now if you don t like the idea of self driving cars get a load of this the world s first passenger drone has made its inaugural flight in