An ordinary metal establishment sits fewer than 2 miles away from the Reykjavik airport in Iceland. It is as dull and gigantic as the average poultry barn. There is earsplitting uproar inside as well, though not from the chickens. The noise comes from the thousands of GPUs, working out the intricate, comprehensive calculations necessary to authenticate cryptocurrency transactions and adding them to the blockchain.
To stop the machines from overheating, the facility houses numerous fans emitting chilly air, along with 6 huge ceiling generators, that race with a force equivalent to that of 360 washing machines.
Lisa Barnard, a British photographer, stated that the power, known as Enigma and formed in 2014 by Genesis Mining, is without a doubt the noisiest environment she had documented. She visited Enigma 2 years back while photographing for her venture, Bitcoin. Lisa Barnard stated that visiting Enigma was akin to being inside a computer, with the noise, wiring, and the continuously flashing lights.
The barn is as much an outcome of the unique geology of Iceland as waterfalls, geysers, and lagoons of Iceland, but unlike them, the place does not manage to secure millions of vacationers each year.
Not long after the launch of Bitcoin in 2009, cryptocurrency firms began making their way to Iceland. In 2016, colossal file centers were seen to make up about 1% of its gross domestic product. The cryptocurrency mining operations make up 90% of this total.
They now utilize more electrical energy than all the houses in Iceland combined. Not surprisingly, the electric bills at Enigma come up to more than $1 million every month.
Lisa Bernard said: “I was interested in this idea of it being an equitable currency and yet it has the potential to be very destructive as far as the land is concerned.”
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