Nestled between a junkyard and a cedar mill in the rural community of Saint-André is the spot where developers expect nearly one per cent of the world's bitcoin will be mined.
Bitcoin miners lose power in Iceland | IceNews icenews.is - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from icenews.is Daily Mail and Mail on Sunday newspapers.
Iceland's cheap electricity is attractive to bitcoin miners, but utility Landsvirkjun is now rejecting all new power-supply requests, Bloomberg reported.
It seems like the days of Iceland’s reputation as an energy-rich and politically-favorable crypto mining location are coming to an end, as surplus energy supplies dwindle.