In Dealbook, Nathaniel Popper takes a look at a bitcoin-mining business called Cloud Hashing, that's moved its computers to Iceland in search of easy cooling and cheap, renewable power. The current set up requires over 100 computers, designed specifically for cracking the obscure algorithms that unlock new packets of bitcoin, and all cooled by direct blasts of arctic air. Cloud Hashing currently serves mining contracts for 4,500 customers, keeping 20 percent of its capacity open for its own mining. According to the outfit's account, it's mined more than $4 million of the cryptocurrency.
via The Verge - All Posts http://www.theverge.com/2013/12/23/5238128/inside-a-4-million-icelandic-bitcoin-mining-consortium
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