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Bitcoin heist: 600 powerful computers stolen in Iceland

Technology : Physorg: Technology news

Some 600 computers used to "mine" bitcoin and other virtual currencies have been stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic island nation.

A Silicon Valley congressman says energy consumption from Bitcoin mining needs to be taxed

Business & Finance : Business Insider: Clusterstock

Bitcoin mining consumes tremendous amounts of energy, even as much as to power a single home for weeks. Democratic Rep. Ro Khanna said taxing cryptocurrencies similar to proposals to taxing carbon would quell environmental concerns....

In Iceland, Bitcoin Mining Could Suck Up More Energy Than Homes

Technology : Discover Magazine: Technology

Mining bitcoin is not a task for your average Joe. As far back as 2014, researchers estimated that profitable bitcoin mining was out of the reach of commercial hardware. The increasing difficulty of solving the equations that yield ...

Iceland Will Use More Power Mining Bitcoin than Powering Homes This Year

Technology / Gadgets :

Sooooo, bitcoins. Big thing, rapidly losing value, possibly a scam. Also, it seems that Iceland — a whole country, I’ll remind you — might well use more power making Bitcoins in 2018 than […] The post Iceland Will Use More Power Min...

Iceland may use more electricity to mine bitcoins than it does to power all of its houses this year

Business & Finance : Business Insider: Clusterstock

Iceland will likely use more electricity in the next year to mine bitcoin than it uses to power every single home in the country. Bitcoin mining is booming in Iceland, and energy providers are worried they won't be able to power new...


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