Re: 2018-05-17 Bitcoin Mining To Use 0.5% Of World’s Energy By End Of 2018, Peer-Rev
In mid-February, it was reported that crypto mining in the country of Iceland would consume more energy than households in 2018
What's the source of the electricity in Iceland? Geothermal renewable
Typical idiot journalism and academic work here. Nowhere does this article mention the reason why cryptocurrency mining uses energy (although a reason is given, which is incorrect).
What would you expect from Cointelegraph.com, though? The article appears to be copy-pasted directly from some other publication anyway, which strongly implies Cointelegraph.com don't employ anyone to check the text in "their" stories, which you'd think would be particularly important when the text has been copied from a different website
I think most of the energy used by the mining farm would otherwise be wasted. The examples are the hydro, solar, wind energy.