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August 21
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Iceland could face an energy crisis due to bitcoin mining, said the representative of the Icelandic company Hitaveita Sudurnesja Johann Snorri Sigurbergsson, BBC reported.

According to him, investors are interested in opening centers for cryptocurrencies mining on the territory of the island.

“If all these projects are realised, we won't have enough energy for it,” said Sigurbergsson

Sigurbergsson noted the power consumption of these centers will reach 840 gigawatt hours of electricity in 2018.  In turn, the entire population of Iceland consumes around 700 gigawatt hours every year.

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