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A Bitcoin Mining Setup in Iceland - 2013 - The New York TimesRegulations of blockchain and cryptocurrency in Iceland, why register a cryptocurrency mining farm in Iceland? Cost and things to know. Authorities in Iceland have detained 11 people in what local media call the �Big Bitcoin Heist.� Thieves reportedly made off with $2 million worth of. The facility, called Enigma and established by Genesis Mining in , is easily the loudest environment that British photographer Lisa Barnard.