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Bitcoin energy use in Iceland set to overtake homes, says local firm

Bitcoin energy use in Iceland set to overtake homes, says local firm

Technology
Iceland is facing an "exponential" rise in Bitcoin mining that is gobbling up power resources, a spokesman for Icelandic energy firm HS Orka has said.This year, electricity use at Bitcoin mining data centres is likely to exceed that of all Iceland's homes, according to Johann Snorri Sigurbergsson.He said many potential customers were keen to get in on the act."If all these projects are realised, we won't have enough energy for it," he told the BBC.Mr Sigurbergsson's calculations were first reported by the Associated Press.Iceland has a small population, of around 340,000 people.But in recent years it has seen a marked increase in the number of new data centres, often built by firms wishing to tout green credentials. Nearly 100% of energy in Iceland comes from renewable sources.Bitcoin mini...
Facebook to promote local news in drive for 'trusted' content

Facebook to promote local news in drive for 'trusted' content

Technology
Facebook says it is changing the way its news delivery service works by focusing on local news sources in its drive for "high quality" content."Local news helps us understand the issues that matter in our communities," explained chief executive Mark Zuckerberg on his page on Monday.The update will initially apply to the US before it is rolled out more widely.It comes after Facebook announced that it was making posts from businesses, brands and media less prominent."Starting today, we're going to show more stories from news sources in your local town or city," Mr Zuckerberg said in his post. "If you follow a local publisher or if someone shares a local story, it may show up higher in News Feed," he added. Mr Zuckerberg said that Facebook users who are made aware of what is happening in thei...