Inside a $4 million Icelandic bitcoin-mining consortium

In Dealbook, Nathaniel Popper takes a look at a bitcoin-mining business called Cloud Hashing, that's moved its computers to Iceland in search of easy cooling and cheap, renewable power. Cloud Hashing currently serves mining contracts for 4,500 customers, keeping 20 percent of its capacity open for its own mining. The project was started by British HSBC programmer Emmanuel Abiodun, who set up the Icelandic rig in February with the help of some angel investors.

via Tech News Headlines - Yahoo News http://www.theverge.com/2013/12/23/5238128/inside-a-4-million-icelandic-bitcoin-mining-consortium