Iceland Is Running Out Of Electricity Because Of Bitcoin Mining

Shutterstock / Laurence Gough

Iceland is one of the greenest countries in the world thanks, in part, to its volcanoes. Nearly 100% of the electricity in Iceland comes from renewable resources with the lion’s share of that energy being generated from hydroelectricity. Iceland is home to some very active volcanoes and they’ve managed to turn the hot water underneath the ground into energy.

But there’s still a finite amount of electricity available in Iceland. With a population of...

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