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LostDutchman
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April 08, 2014, 04:00:16 AM |
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(2) Who gives a shit what Iceland does?
That is definitely a point. The total population is only 300,000 and that can decrease if any of those volcanoes actually explode.  And if Eyjafjallajökull blows up there will be no more Iceland. Can you say Eyjafjallajökull? I can. My $.02. .  RIP to anyone nearby when that blows up:  No duh! Thank you for your insightful post! My $.02. |
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Bit_Happy
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A Great Time to Start Something!
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April 08, 2014, 04:08:55 AM |
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Who gives a shit what Iceland does?Are you Dutch by any chance? 
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bryant.coleman
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April 08, 2014, 04:13:39 AM |
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And if Eyjafjallajökull blows up there will be no more Iceland. When volcan Grimsvötn erupted in 1783, it killed 25% of the Iceland's population. Perhaps the brightest of the Icelanders perished in that disaster. That's why we now have idiots banning Bitcoin there. |
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LostDutchman
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April 08, 2014, 04:14:44 AM |
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Who gives a shit what Iceland does?Are you Dutch by any chance? No. Chose the name because of the Lost Dutchman mine, which see here: http://en.wikipedia.org/wiki/Lost_Dutchman%27s_Gold_MineBin Echt Deutsch und Englisch.............. Und Amerikan Indianer........................................................ WTF do you do? OOPS! AMERIKANER! Crypto World is a funny place! Thank you for your kind inquiry. My $.02. |
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LostDutchman
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April 08, 2014, 04:15:43 AM |
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And if Eyjafjallajökull blows up there will be no more Iceland. When volcan Grimsvötn erupted in 1783, it killed 25% of the Iceland's population. Perhaps the brightest of the Icelanders perished in that disaster. That's why we now have idiots banning Bitcoin there. You can't fix stupid. My $.02. |
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SmithsonJim
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April 08, 2014, 07:59:47 AM |
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What is the actual price of electricity in Iceland ?
Also... isn't it cold out there ?!
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bryant.coleman
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April 08, 2014, 08:28:56 AM |
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What is the actual price of electricity in Iceland ? Over 80% of electricity in Iceland is generated in hydroelectric power stations. The average price is around $0.09 / KWh. |
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darthcoin
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April 08, 2014, 09:34:37 AM |
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it's one of the good places for it, if they don't ban it too (too much discussion about the aurora alt-coin).
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NationOwnedCCNow
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April 08, 2014, 01:50:51 PM |
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I do however believe that if/when a bigger % of the population have collected their auroracoins it will not be illegal. Why?
Because Bitcoin is illegal to prevent Capital outflow. If 50% of Auroracoins are in the hands of Icelanders and 40% left to be mined(And most likely will be mined on Iceland due to the LOWEST cost of energy in the world) putting Money into Auroracoins will not actually be Capital outflow and therefor not illegal.
Edit: It will, and you all know why, more likely mean an enormous INFLOW of Capital.
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kiwi66
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September 02, 2014, 12:42:03 AM |
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I asked for colocation pricing for servers and it was way more expensive than continental Europe and US. The only reason for it could be they are still far from mass adoption of these services like Netherlands, UK or Germany do.
The reason is different. Power is cheap. Cooling is easier. However network is expensive however due to duopoly. You pay between 5x to 40x more for bandwidth. That's why Iceland is attractive for certain types of hosting but not for others. But this is about to change soon due to additional submarine cable landing. Never the less, its a perfect location for bitcoin mining. It has exploded in 2014. We (datacell ehf /www.moria.is) are building up 7MW these days (2MW already ready) and in whole Iceland there are currently around 20MW in use for bitcoin mining exclusively. Tendency increasing. But soon there won't be enough power available and it will take some years to build additional power production facilities. |
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crocko
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September 02, 2014, 02:14:53 PM |
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I don't understand why everybody want to go to Iceland.
There are more others cold places in the world (Alaska, Siberia, mountains).
IMO it is a gamble to put a valuable datacenter on a volcanic island..
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BitcoinBadger
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September 02, 2014, 03:12:40 PM |
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I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
Considering the electricity peeps could make a decent profit from mining then. |
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