Thieves steal 600 powerful bitcoin-mining computers in huge heist

Discussion in 'Cryptocurrencies' started by gwb-trading, Mar 3, 2018.

  1. This demonstrates another risk of Cryptocurrencies -- physical security.

    Thieves steal 600 powerful bitcoin-mining computers in huge heist
    In Iceland, police are hoping a power surge will lead them to the criminals' stash.
    https://www.cnet.com/news/iceland-big-bitcoin-heist-cryptocurrency-mining-computers/


    "Icelandic thieves steal 600 Bitcoin mining computers, estimated value $2 million... $50 million... $2 billion... $323 million... $10 thousand" :)
     
    dealmaker and Clubber Lang like this.
  2. carrer

    carrer

    Physical security also applies to cash, gold, etc.
     
  3. Pekelo

    Pekelo

    "police are hoping a power surge will lead them"

    Sure, a power surge in China...
     
    comagnum likes this.
  4. vanzandt

    vanzandt

    Wonder what generates more revenue... a KWH spent mining BTC's or a KWH spent powering grow lights. PG&E should fund a study.
     
  5. Pekelo

    Pekelo

    The biggest problem for a miner beside finding a cheap electricity location is when to cash out of the mined coins. Should I hold or should I go??? No easy answer, basically they have to be traders and selling at run ups. I am really curious how they do it, but it isn't like they are going to share...
     
  6. zdreg

    zdreg

    maybe Russia.
     
  7. Cabin111

    Cabin111

    I heard years ago one guy's hard drive crashed...No back up!! Fun fun fun...