Huge Bitcoin mine in Iceland 0Huge Bitcoin mine in Iceland 0

Bitcoin was born in 2009 and is used in trading many goods and services around the world.

The price of virtual currency Bitcoin is skyrocketing, continuously reaching a peak in more than 2 years and has increased more than 30% in the past month.

However, Bitcoin mining requires very expensive facilities.

Bitcoin was born in 2009 and is used in trading many goods and services around the world.

The price of virtual currency Bitcoin is skyrocketing, continuously reaching a peak in more than 2 years and has increased more than 30% in the past month.

However, Bitcoin mining requires very expensive facilities.

Huge Bitcoin mine in Iceland

Bitcoin has contributed to the creation of a huge industry, specializing in making this virtual currency.

Bitcoin has contributed to the creation of a huge industry, specializing in making this virtual currency.

Huge Bitcoin mine in Iceland

Genesis Mining is a Bitcoin mining company, headquartered in Iceland.

Genesis Mining is a Bitcoin mining company, headquartered in Iceland.

Huge Bitcoin mine in Iceland

In theory, you can mine Bitcoin on any computer.

Another option is to use models from companies like Genenis.

In theory, you can mine Bitcoin on any computer.

Another option is to use models from companies like Genenis.

Huge Bitcoin mine in Iceland

This country has three very important characteristics for Bitcoin mining – cheap energy prices, good Internet connections and a cold climate.

This country has three very important characteristics for Bitcoin mining – cheap energy prices, good Internet connections and a cold climate.

Huge Bitcoin mine in Iceland

Climate is very important.

Climate is very important.

Huge Bitcoin mine in Iceland

The same goes for electricity consumption.

The same goes for electricity consumption.

Huge Bitcoin mine in Iceland

Assuming you negotiate low electricity prices, and ignore other costs, one Bitcoin will cost about $200.

Assuming you negotiate low electricity prices, and ignore other costs, one Bitcoin will cost about $200.

Huge Bitcoin mine in Iceland

Streng also said that using cloud technology `is a big challenge in terms of trust.`

Streng also said that using cloud technology `is a big challenge in terms of trust.`

Huge Bitcoin mine in Iceland

Genesis doesn’t just mine Bitcoin.

Genesis doesn’t just mine Bitcoin.

Huge Bitcoin mine in Iceland

This is Genesis’ equipment room with more than 10,000 active graphics processing units (GPUs).

This is Genesis’ equipment room with more than 10,000 active graphics processing units (GPUs).

Huge Bitcoin mine in Iceland

However, Genesis Technology Director Stefan Schindler said: “Working in a Bitcoin mining facility is extremely horrible.

However, Genesis Technology Director Stefan Schindler said: “Working in a Bitcoin mining facility is extremely horrible.

Huge Bitcoin mine in Iceland

Huge Bitcoin mine in Iceland

Genesis Mining’s equipment room from installation to completion.

Ha Thu (according to BI)

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