Hits to find Bitcoin Hire fears power crisis

About 100 percent of the electricity produced in Iceland comes from renewable sources. However, due to the fact that the large data centers in Iceland have created a huge data center, the country's electricity crisis is likely to hit the target.

HS Orka, a fuel company in the country, said that the data center to run in the search of Bitcoin has a huge amount of electricity.

Iceland has a very low population, only 340,000 This year, more electricity will cost electricity than all households in Iceland, maybe more electricity will be spent on these data centers. News BBC

He said many more people are now going to set up these data centers. If all the projects are implemented, electricity will not be in Iceland to run them.

But recently this island has created a new data center. Companies that are setting up this data center want to show that it is environmentally friendly.

Bitcoin mining means to connect computers with the Bitcoin network around the world and to verify that the crypto currency is being traded.

The computers that perform this verification work, they receive a bit 'Bitcoin Prize' in response to this. But if someone can do this work in a big way, it is quite profitable.

But now there is a huge growth in the business in Iceland. And with the help of it, the power consumption is increasing for data centers.

A spokeswoman for the energy company HS Ocker said they have received lots of calls from such people interested in establishing a data center in Iceland.

He said, the amount of data center going to be installed, all of them probably will not be possible. If all the data centers really come out, the electricity will not be left in Iceland.

It is estimated that this year, around 840 gigawatt hours of electricity will be spent on Bitcoin Mining operations in Iceland. In contrast, electricity costs around 700 gigawatts per week in Iceland.