ICELANDIC BITCOIN RUSH: Cryptocurrency mining drains entire country’s electricity supply

Reykjavik – VIJAY SHAH via Grande Medios Bitcoins have become the source of what could be described as this century’s very own Gold Rush. The mining of cryptocurrencies, which is the most widespread method of obtaining this cyber money, requires a significant amount of both computing power and electrical current. In the northern European island of Iceland, the residents have taken to bitcoin mining in such a way that it is causing the country to actually run out of electricity. Iceland has around 340,000 inhabitants, one of the smallest in Europe. Famed for its volcanic landscapes and breathtaking landscapes, the … Continue reading ICELANDIC BITCOIN RUSH: Cryptocurrency mining drains entire country’s electricity supply

NPOWER: UK utility company says sorry for messing up bills

The British energy firm Npower has made a formal apology in writing to its 3.4 million gas and electricity customers after experiencing ‘problems’ with its utility billing system, according to a report by BBC News. An investigation by a consumer watchdog in November found that customers of Npower were five times more likely to criticise them than those with rival firms such as British Gas, EDF and SSE. Npower reacted to the investigation by promising to clean up its act with tackling numerous problems over account set-ups, direct debit payments for bills and the billing system itself. As the furore over austerity cutbacks for ordinary working people as well as … Continue reading NPOWER: UK utility company says sorry for messing up bills