Expectation of a new industrial revolution on excessive infrastructure maintained by bit coin mining

by Brent De Ranter

Since mining of virtual currency such as Bitcoin (bit coin) requires a huge amount of computing power, considering not making an investment but earning by mining, if tens of thousands of machines are prepared and systematically mined It will not. In Iceland, it seems that expectation is received that it is possible to use it somewhere else, because the mining boom has advanced the development of computer infrastructure to an excessive extent.

Extreme Bitcoin Mining Aids an Unexpected Revolution in Iceland - Bloomberg
https://www.bloomberg.com/news/articles/2018-07-03/extreme-bitcoin-mining-aids-an-unexpected-revolution-in-iceland

Since Iceland can obtain electricity at low cost it is powerful as a place to install mining machines and the power consumption of the highest peak recorded a number that exceeds the power consumption of the whole household of Iceland.

However, Johann Snorri Sigurbergsson of the energy company · HS Orca seems to be twisting his head whether he can not make use of this computing ability in mind that the mining fever is over and that he will not come back any more. Iceland's industry is "fishery" "tourism" "aluminum refining", but here is the idea that I would like to add something that made use of the huge data center.

by Rose Breen

According to Gísli KR , CCO at Advania, an IT infrastructure company headquartered in Reykjavik, Advania is already working with Stanford University and Hewlett-Packard to see how the virtual heart responds to experimental therapy He said he is beginning to work on simulation.

Christine Tritson, director of the Icelandic Institute for Intelligence Machines, now expects that artificial intelligence that demands data volumes still more than computing capacity will require higher computing power in the next 50 years "The data center that the bit coin miners have used has become the center of the ongoing industrial revolution."