Iceland announced the arrest of individuals stole 600 bitcoin mining rigs from a mining operation on the island
Its now on the popularside, as thieves device methods of stealing cryptocurrencies as well digital coin devices
A massive raid of 600rigs meant for mining Bitcoin,with collections of other equipment, also the value of stolen computers is amounted to almost $2million, this is regarded as one of the biggest heist ever in Iceland ,
Commissioner of police Olafur Helgi Kjartansson is quoted to have said “This is a grand theft on a scale unseen before. Everything points to this being a highly organized crime”
As it stands, 11 people have been arrested in connection with the heist, including a security guard. However, there’s no clue about the whereabouts of the stolen equipment.
It seems right now as if their only real hope is to look for energy consumption spikes in an area that is not known to have a mining operation.
Most probably the burglars have moved the equipment overseas, which would make the search much less likely to yield any result.
The heist involved four burglaries, three of them taking place in December last year and one the following month.
Iceland has become a breeding home for mining operations looking for cheap, renewable energy to fuel their ambitions.
Sadly Icelanders will now have to share the country’s power grids with a massive number of energy-guzzling ASIC units whose purpose is to solve complex algorithms in exchange for some Bitcoin.
HS Orka sounded the alarm last month, declaring that the power required to fuel miners coming to the island would surpass the amount used by all the homes in the country.
Authorities will have to device a better way to curb burglars if they are to protect the guest who have set up shops