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Inside Iceland Mining FarmThe Icelandic Bitcoin mining industry consumes around MW, according to an estimate by Luxor, �with a population of only ,, Iceland is. But at least one company based in Reykjavik can handle quite a bit more devaluation: Genesis Mining moved there in from Germany, when the. Authorities in Iceland have detained 11 people in what local media call the �Big Bitcoin Heist.� Thieves reportedly made off with $2 million worth of.
