Other crypto currency related

Iceland use more power to mine than to heat

2018-03-05 15:41 #0 by: Niklas

”For the first time, it said, the energy required for coin mining had exceeded that used by Iceland's 340,000 inhabitants to power their homes.”

This was part of an article about a Bitcoin server farm theft and I found it interesting. Read more about the theft at BBC:

Iceland police arrest suspected Bitcoin server thieves

unsplash-logoCaroline Methot

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2018-03-07 19:06 #1 by: jordan

I find it incredible that they ended up using more energy than the rest of the country combined! I looked a little further into how Bitcoin mining works, it seems awfully complicated!

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2018-03-07 19:22 #2 by: Niklas

Yes, it is complicated. I think it is the decentralization that makes it so expensive to transact.

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