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Bitcoin mining: Is Scandinavia′s cryptoboom coming to an end? | Business| Economy and finance news from a German perspective | DW

What is a cryptocurrency?
One of the first companies to build a Bitcoin mine in Iceland was Genesis Mining in 2013. Its founders include Philip Salter, who is now chief technical officer of affiliate Genesis Digital Assets and can sum up the island nation s advantages in one line. There are no political or geopolitical risks, the infrastructure is very reliable and the electricity is sustainable and incredibly cheap, he told DW.
Iceland is reaching its limits
Meanwhile, however, the country s generation capacity is reaching its limits: There could be very little excess energy in 2021 and 2022, Landsvirkjun CEO Hordur Arnarson told Bloomberg recently. Therefore, the cost advantage of Iceland s electricity is on the line. ....

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