“Until your altcoin successfully defeats a coordinated attack like NYA/S2X, with 90% of the hashrate and major businesses trying to force a hard fork, its immutability is untested and its monetary policy is suspect.” -Pierre Rochard

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Bitcoin – The Currency of the Internet

How Could Bitcoin Suspect Leave an Iceland Prison's Comforts Behind? Easily

REYKJAVIK, Iceland — It has been more than four months since thieves pulled off the biggest heist in the history of Iceland, and the police here still have no idea where the booty — roughly $ 2 million worth of Bitcoin-mining computers — is stashed. A breakthrough in the case seemed imminent in early …
Google Alert – bitcoin

Bitcoin heist suspect reportedly walked out of low-security prison, onto flight

As Ars has reported previously, given that electricity is relatively cheap in Iceland compared to other parts of Europe—thanks to the country's plentiful geothermal energy—Bitcoin mining has been in high demand despite Iceland's population of just over 300,000 people. Later this year, Bitcoin mining is …
Google Alert – bitcoin

Suspect in Iceland bitcoin-mining heist breaks out of prison, escapes country

The suspected mastermind in the theft of $ 2 million in computers used to mine bitcoin escaped from a minimum-security prison Tuesday — and apparently flew out of the country on a plane carrying Iceland's prime minister. Sindri Thor Stefansson escaped through a window at Sogn prison Tuesday night, …
Google Alert – bitcoin