Iceland’s Missing Bitcoin Miners May Be In China

Iceland’s 600 missing bitcoin mining machines may be in China, local news reported last week. According to RUV, Icelandic police have sent Chinese authorities an inquiry after the latter country confiscated 600 mining computers. Police in the Tianjin area reportedly seized the machines after detecting unusually high electricity consumption, per Xinhua News. The Chinese news agency explained […]

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Iceland Lawmaker Proposes Tax on Incoming Cryptocurrency Miners

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Virtual currency miners are flocking to Iceland due to its abundance of renewable energy, and some lawmakers want to tax them, according to ABC News. Iceland’s renewable energy from hydroelectric and geothermal power plants has delivered competitive electricity rates. Smari McCarthy, a […]

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