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Iceland case is a warning of Bitcoin mining crimes; Get in touch - tell us what you think Email: letters@birminghammail.co.uk Twitter: @birminghammail Facebook: facebook.com/birminghammail Post: Birmingham Mail, 60 Church Street, Birmingham B3 2DJ.

I THINK that S T Vaughan ('Beware dangers of crypto mining', Birmingham Mail Talkback, May 3) was quite right to mention the serious issues of 'Bitcoin mining' and its impact on Iceland. Although there is no shortage of natural energy to tap in Iceland, there certainly is a shortage of facilities to convert this energy into usable power.

A spokesman for Icelandic energy firm HS Orka has stated that: "Bitcoin mining is gobbling up Iceland's power resources."

There are other problems as well.

Bitcoin is attracting unwelcome attention from the criminal fraternity in more ways than one. Icelandic police recently arrested 11 people suspected of stealing more than 600 computers that were being used to mine cryptocurrency. The computers were allegedly stolen during four raids on data centres around Iceland.

Iceland, as S T Vaughan has quite rightly pointed out, is a popular location for data centres because almost 100 per cent of the power generated there comes from renewable sources!

A man suspected of allegedly masterminding the theft of 600 computers used for virtual currencies has escaped custody in Iceland.

Sindri Thor Stefansson escaped the low security prison where he was being detained, through a window and fled to Sweden on a passenger plane also carrying Iceland's Prime Minister. The missing computers are worth PS1.45million. The stolen servers have to date not been recovered. Icelandic police are reviewing matters in relation to this case.

I think that Mr S T Vaughan is quite right - these data mining centres, for one reason or another, are far from welcome in Icelandic culture, or any other culture for that matter.

If S T Vaughan or any other readers want to know more then I am sure that the staff at the Embassy of Iceland in London will be more than pleased to direct enquiries as appropriate.

If anyone has any more information regarding recent criminal activity concerning Bitcoin in Iceland then I am sure that the Icelandic police in Reykjavik would very much appreciate details about the crimes as soon as possible. John A Ridarta, Cofton Hackett, Rednal

A man suspected of allegedly masterminding the theft of 600 computers used for virtual currencies has escaped custody in Iceland John A Ridarta

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Publication:Birmingham Mail (England)
Article Type:Letter to the editor
Geographic Code:4EXIC
Date:May 14, 2018
Words:370
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