On December 7, Icelandic utility Landsvirkjun decided to restrict energy supply to industrial companies such as aluminum plants and cryptocurrency miners. The reason for this move is a massive energy shortage.
Recently, IKEA Iceland successfully made an invoice on Ethereum (ETH) blockchain tech, by allowing payments from a local merchant in electronic cash. The monetary payment was conducted in the best interests of Nordic Store by means of encoded smart contracts.
A developer and minor criminal steals 600 Bitcoin mining units and eludes on an aeroplane together with his country's leader. This story appeared like it was copied directly from the pulp fiction. Currently, this is Iceland's "Big Bitcoin Heist."
Georgia, a country at the intersection of Europe and Asia, is turning into a cryptocurrency hub. While talking about bitcoin mining, some may consider China and Iceland to be in the lead, however, the second most profitable crypto mining country is Georgia.
One of the biggest thefts ever recently happened on the Icelandic cryptocurrency market. 600 powerful computers that mined Bitcoins and some other digital currencies were stolen. 11 suspects have been arrested so far in connection with this nefarious incident.
The inhabitants of Iceland are the first to consume more electricity on mining cryptocurrencies than on household needs. Perhaps it was possible due to magma-fuelled power plants. Volcanoes supply the island with a cheap and copious form of renewable energy.
The international project Boosteroid, which creates a cloud services platform, starts construction of a new data center in the free industrial zone of Georgia - the city of Kutaisi. This will be the second information processing center of the company, the first was launched in Ukraine in December 2017. The team will begin to prepare the space and order the components already at the end of January this year.