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Bitcoin’s green haven is running out of energy SECTIONS Last Updated: Apr 18, 2021, 07:40 AM IST Share Synopsis Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. Bloomberg The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic power surplus is set to dwindle as aluminum smelters, oil rigs and steelmakers thirst for renewable energy. ....
Publishing date: Apr 17, 2021 • 1 hour ago • 4 minute read • Article content (Bloomberg) The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic power surplus is set to dwindle as aluminum smelters, oil rigs and steelmakers thirst for renewable energy. We apologize, but this video has failed to load. Try refreshing your browser, or ....
The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic power surplus is set to dwindle as aluminum smelters, oil rigs and steelmakers thirst for renewable energy. “There could be very little excess energy in 2021 and 2022,” said Hordur Arnarson, chief executive officer at Landsvirkjun, Iceland’s national utility. “Because of the climate issues we see a lot of very interesting segments that are growing rapidly, and several of them need electricity.” ....
Bitcoin's Green Haven Is Running Out of Surplus Electricity msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Biomining Market Size 2021 | Is Projected to Reach USD 3600 MN With 13.2% CAGR by 2027 thrasherbacker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thrasherbacker.com Daily Mail and Mail on Sunday newspapers.