Why Bitcoin mining is so popular in Iceland?

[leland orser]

Because Iceland can provide cheaper prices, so there will be a lot of people consider the construction of mines in Iceland, and Iceland's resources to excess, then open mines in Iceland will bring national revenue, so it's a win-win situation.

[creative~mind]

Iceland and Sweden are natural choices when it comes to cryptocurrency mining operations. Their inexpensive electricity and cold climate make mining friendlier naturally.
Know More: Why Bitcoin mining is so popular in Iceland?

Yes, all of these factors count. And it should be reasonable to add that the distance between you and the suppliers can also make a lot of difference, since shipping costs will have considerable impact in your budget.

[Roman Coinson]

As far as I know in Iceland cheap electricity plus there's cold weather and that's why you don't need to spend on cooling a lot of money)