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Thread: Bitcoin energy use in Iceland set to overtake homes, says local firm

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    Bitcoin energy use in Iceland set to overtake homes, says local firm

    Iceland is facing an "exponential" rise in Bitcoin mining that is gobbling up power resources, a spokesman for Icelandic energy firm HS Orka has said.

    This year, electricity use at Bitcoin mining data centres is likely to exceed that of all Iceland's homes, according to Johann Snorri Sigurbergsson.
    http://www.bbc.com/news/technology-43030677
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    Cheap electric = bitcoin mining

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    I can't imagine a bigger waste of energy.
    They speak in bulletpointese leftist nutjob drivel. It doesn't matter. Nothing is as great a motivator as the chance to truly be free.
    -Mr. Raceboy

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    Quote Originally Posted by Jester View Post
    I can't imagine a bigger waste of energy.
    Apparently you didn't know that the United States has a nuclear stockpile of 6,800 warheads.

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    But, that doesn't qualify as energy. Yet!
    At the precipice, we change!
    The problem with Capitalism is that humans run it.

  6. #6
    I can't imagine a waste of energy that big.
    For every ailment under the sun - There is a remedy, or there is none;
    If there be one, try to find it; If there be none, never mind it. -- Mother Goose

    "Weíve always assumed that you canít bring back the dead. But itís a matter of when you pickle the cells." -- Peter Rhee

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    Quote Originally Posted by Ronny View Post
    But, that doesn't qualify as energy. Yet!
    It took energy to make the warheads. I guess the warheads don't qualify as wasteful yet.
    I'm for defending all rights for everyone.

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    Those are batteries!
    They speak in bulletpointese leftist nutjob drivel. It doesn't matter. Nothing is as great a motivator as the chance to truly be free.
    -Mr. Raceboy

  9. #9
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    Quote Originally Posted by Jester View Post
    I can't imagine a bigger waste of energy.
    Feeding Donald Trump?
    "Democracy is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken

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