Extreme Bitcoin Mining Aids an Unexpected Revolution in Iceland

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magic8ball
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Extreme Bitcoin Mining Aids an Unexpected Revolution in Iceland

Wed Jul 04, 2018 7:33 am

After devouring nearly as much energy as all of Iceland’s households combined, Bitcoin miners may be about to return something to the community that’s housed them.

Iceland is looking past the faddishness of cryptocurrencies and toward other projects that need the same kind of infrastructure that Bitcoin miners rely on. These include areas like deep learning applications for self-driving cars or automatic translators.

Bitcoin “probably won’t be here far into the future” said Johann Snorri Sigurbergsson, business development manager at the HS Orka power plant in Iceland, which provides electricity to the data centers that miners use. But the centers themselves will become new technology incubators, and “that’s the bet we’re making,” he said.


https://www.bloomberg.com/news/articles ... in-iceland

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