abundance of green electricity it has the cold climate it is a located in a fairly secure location keflavik bitcoin farms are powered with electricity from a nearby geothermal energy plant it's one hundred percent green like all the country's power a bonus for an industry facing criticism for its electricity consumption and environmental impact at less than forty u.s. dollars per megawatt hour iceland's energy is also comparable cheap in china prices are more than twice as high an estimated fifty megawatts are currently being used for mining bitcoin and other crypto currencies in iceland that equals about half of what the countries people use to power their homes the industry is expected to double its usage this year. it faces resistance critics still fear the environmental impact and demand regulations and taxes but in the moment as countries like china and south korea increase the pressure on cryptocurrency cold iceland represents a warm welcome now if you don't like the idea of self driving cars get a load of this the world's first passenger drone has made its a noble flight in the chinese city