A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation.
Farmers to the Rescue
A relatively small cryptocurrency mining operation run by Icelandic math teacher Krista Hennesdottir uses a clever solution to stay competitive.
Ms. Hennesdottir has realized that farmers have excess geothermal energy which could be used for cryptocurrency mining. In turn, the mining rigs produce a lot of excess power which could be used for heating. She said: