13 thoughts on “Iceland is using so much electricity on cryptocurrencies it might run out

  1. VoraciousTrees February 14, 2018 / 2:32 am

    Wouldn’t the market drive electricity prices higher and make crypto mining unprofitable?

  2. retsnom513 February 14, 2018 / 2:32 am

    All that GPU heat may melt their glaciers too!

  3. beanzamillion21 February 14, 2018 / 2:32 am

    Can’t they just mine using the geothermal energy from the volcanoes? I somehow cant connect why this can’t be done using renewable energy.

  4. Deez_N0ots February 14, 2018 / 2:32 am

    Wasn’t it literally a day ago when people were saying that crypto currency mining in Iceland was ok since they have so much surplus energy?

  5. myweed1esbigger February 14, 2018 / 2:32 am

    That would be a sad day if Iceland ran out of Cryptocurrency.

  6. _matteR_ February 14, 2018 / 2:32 am

    Amazing how bitcoin can take something of value like electricity and turn it into something with no value like bitcoin for criminal playboys to trade.

  7. throughpasser February 14, 2018 / 2:32 am

    I don’t know much about bitcoin, but it sounds like it’s been designed to be a store of value – like gold – as well as a means of exchange? Does this mean that if processing power suddenly jumped so it became much easier to produce,it’s value would crash? Presumably – yes.

    Also sounds like a serious waste of energy.

  8. walloon5 February 14, 2018 / 2:32 am

    Will they run out of electrons or something?

    No this is silly. Just charge for the electricity. It’s easy.

  9. GaySwans February 14, 2018 / 2:32 am

    Iceland has a terrible record on making sound financial choices. They need to be careful.

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