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Iceland may use more electricity to mine bitcoins than it does to power all of its houses this year

Iceland will likely use more electricity in the next year to mine bitcoin than it uses to power every single home in the country. Bitcoin mining is booming in Iceland, and energy providers are worried they won't be able to power new mining companies. Iceland's cool weather, cheap energy and super-fast networks have made the country a popular home for bitcoin mining. Members of the government have proposed taxing profits made by bitcoin mining companies.
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