Monday, July 4

Iceland Will Not Offer Electric Power Service To New Bitcoin Miners By CoinTelegraph

© Reuters. Iceland will not offer electric power service to new Bitcoin miners

Iceland’s national power company Landsvirkjun has cut the amount of power it will supply to some industries, including smelters and miners.

A representative of the island’s power company has reported that they have been forced to reduce power allocations to Southwest Bitcoin miners and various industrial facilities due to a number of inconveniences, such as a problem that occurred at a power plant. , as well as the low level of the reservoirs and access to energy from an external supplier.

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The country has long attracted mining operations due to its abundance of geothermal energy, which is harnessed to create a cheap and abundant supply of renewable energy. But as of December 7 and for an unknown period of time, any new request for power service by mining operations will be rejected, according to Landsvirkjun.

Read the full article on Cointelegraph

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