Icelandic farmers have a cunning plan to deal with the energy consumption of mining

Krista Hannesdottir mines crypto in a small former fish processing plant near Keflavik Airport in Iceland. It can play an important role in solving the environmental problems that mining causes.

The crypto mining industry is very energy intensive. The long-term system of algorithms on the servers that mine Bitcoin (BTC) consumes 22 terawatts of electricity per hour annually.

Authorities are beginning to worry about the environmental impact of mining on a country whose nature attracts more than 2.2 million tourists annually.

Hannesdottir, a math teacher, has found a way to be more competitive in mining. She has negotiated with local farmers to use their excess geothermal energy, installs cryptocurrency mining equipment, and uses the miners' excess energy to heat greenhouses and outbuildings.

“Farmers have a lot of space, so it's easier for us to move our equipment onto their property,” says Krista. “You can also heat the space in the process, so it lowers rent and energy costs.”

At first, it was difficult to convince farmers to put dozens of miners in their barnyards and explain to them what it was and how it worked. But the teacher eventually succeeded.

The only way to make cryptocurrency eco-friendly is to implement it into the system.

Christa admits that cryptocurrency mining in its current form does not have a positive impact on the ecosystem. Perhaps energy exchange will help cryptocurrency mining achieve Satoshi Nakamoto's goal: to change the way the world works without destroying it in the process.

According to coinidol.com