Main content

When the Bitcoin Miners Come to Town

The real-world impact of the cryptocurrency business.

The real-world impact of the cryptocurrency business. Edwin Lane reports from Iceland, which has attracted power-hungry Bitcoin mines looking for a cheap source of electricity. Arni Jensen from the Borealis Data Centre shows him around a cryptocurrency mine near Reykjavik, and Johann Sigurbergsson from the geothermal energy company HK Orka describes the massive growth in the demand for electricity the miners have created. And the mayor of Plattsburgh, New York, Colin Read explains why his city is the first in the world to announce a temporary ban on cryptocurrency mining, amid concerns over its electricity supply.

(Photo: An illustration of Bitcoin mining, Credit: Getty Images)

Available now

18 minutes

Last on

Mon 4 Jun 2018 07:32GMT

Broadcast

How the 2008 crash shaped our world

How the 2008 crash shaped our world

Stories from people involved in the crash and how its effects are still felt today

Business Daily Podcast

Business Daily Podcast

Download every programme.

Podcast