Last month, the Icelandic media was trying to keep up with a very strange criminal case which involved a “prison break” and an escape abroad, while being simultaneously connected to the biggest series of thefts in the history of Iceland (the “Big Bitcoin Heist”). On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of bitcoin. To get there, you pass through a fortified gate and enter a featureless yellow building. Bitcoin Mining . On the flat lava plains of Reykjanesbaer, Iceland, there are more than 100 silver computers locked in a cabinet working hard to unearth Bitcoins. Each computer is cooled by the cool blasts of air of the Arctic. Earlier this month (December 2013), an article in the New York Times told us about the mines of bitcoin that are situated "on the flat lava plain of Reykjanesbær" in Iceland. This article, and several other recent articles in the world's media about bitcoin, have put a limelight on Iceland's extremely reliable hydro- and geothermal power. Bitcoin Mining . On the flat lava plains of Reykjanesbaer, Iceland, there are more than 100 silver computers locked in a cabinet working hard to unearth Bitcoins. Each computer is cooled by the cool blasts of air of the Arctic.
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Iceland is rapidly becoming a hub for cryptocurrency mining. Jake and Jack traveled there to find out why...turns out, it's got a lot to do with the weather.... Bitcoins are popular all over the world but some of the major cloud mining companies are in Iceland. Marco Streng is the founder of the biggest , Genesis Mining. Loading... a look inside iceland largest bitcoin mining farm : Genesis Mining Use code:R4NgOu and get 3% off every purchase on Genesis Mining! Visit Genesis Mining here... The next video is starting stop. Loading... Daniela Cambone of Kitco News recently visited the HIVE Blockchain Technologies’ cryptocurrency mining operations in Iceland and spoke with Frank Holmes, CEO...