NEW GOLD RUSH: ENERGY DEMANDS SOAR IN ICELAND FOR BITCOINS
Iceland is expected to use more energy “mining” bitcoins and other virtual currencies this year than it uses to power its homes.
With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency companies have established a base in the North Atlantic island nation blessed with an abundance of renewable energy.
The new industry’s relatively sudden growth prompted lawmaker Smari McCarthy of Iceland’s Pirate Party to suggest taxing the profits of
