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Iceland cuts power to new Bitcoin miners
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National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminium smelters and Bitcoin miners.
A representative from the island’s power utility reported it has been forced to reduce energy allocations to southwestern Bitcoin miners and various industrial facilities due to a series of issues including a problem at a power station, low hydro-reservoir levels and accessing energy from an external supplier.
Mining operations have long been attracted to the country due to its abundance of geothermal energy which is harvested to create a cheap and plentiful supply of renewable energy. But from Dec. 7 for an unknown period of time, any new requests for electricity from mining
Read more on cointelegraph.comAbout this in other media
Bitcoin: Miners, HODLers remain bullish, but will that be enough ambcrypto.com /2 years ago
Only 10% of Bitcoin supply left to mine cointelegraph.com /2 years ago
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