Big Bitcoin Heist In Iceland

in bitcoin •  7 years ago 

BEB1C529-EBBC-48BE-B567-481CBFF9BF5D.jpeg
Iceland photo by Kryptoking

600 mining computers were stolen from Reykjanes in Iceland. This happened in December and Janurary.

Many miners have established operations in Iceland because of cheap geothermal and hydroelectric power.

Bitcoin mining requires vast amounts of electricity. So miners go to far flung parts of the world for cheap power. Iceland has tapped deep geothermal resources.

Officials are monitoring power usage in the hopes of recovering these missing mining rigs.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!