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BITCOIN “MINING” CONSUMES MORE ELECTRICITY A YEAR THAN IRELAND. As BitCoins becomes increasingly popular worldwide, BitCoin mining is using more and more electricity as a result. As the currency grows the rate increases, more and more companies are mining the coins (monitoring and making 

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May 16, 2017 In 2015, Genesis Mining revealed in Business Insider that it was one of the most energy-consuming companies in Iceland, with electricity costs of 60 dollars per “extracted” bitcoin – despite benefiting from a low price per kWh and a favorable climate. Finally, we can also imagine all the “smart contract” type