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Landsvirkjun, Iceland's National Power Company Turns Away Bitcoin Miners Amid Electricity Shortage
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ndtv.comIceland's power company has turned away new bitcoin miners
A scarcity of power in Iceland has led to the country's national power company, Landsvirkjun, turning away new Bitcoin miners. Landsvirkjun has not entertained requests from new customers for buying energy to mine cryptocurrency. Cryptocurrency mining enterprises have been a new addition to Iceland's economic landscape. These enterprises were attracted by the low cost of power required to mine new cryptocurrencies. That apart, Landsvirkjun has also cut to several industrial customers, such as aluminium smelters and data centres. According to the company, the factors that led to the reduction in supply were low hydro reservoir levels, a power station malfunction, and a delay in
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