If they bring certainty by recognizing Bitcoin, this mining issue will go. Qualcomm and Intel will enter the game and provide tools that can win the game. I am not sure we have firms of great quality in the mining space at the moment owing to legal issues surrounding Bitcoin
If Bitcoin continues to become more widely established and accepted we would expect to see more stable and reliable associated businesses emerge as it matures, as well as decreased volatility in its value. In this particular case, this company - the Mt. Gox bitcoin exchange - has had such issues before, and as a result has been losing market share to competitors for a while.
Thanks for adding this info to the post. Yes, Nordic is a great place to locate data centers and benefit from natural cooling. Much better than having datacenters power hungry machine in Arizona :-) In addition to that low energy consumption benefits to Bitcoins mining. It will be interesting to see which next will be placed in Alaska!
thank you Patrick...very intriguing info...so our future digital currency will be run by Swedes somewhere close to North Pole...cool...would you be interested to give a talk about this topic at emerging technologies conference in Vancouver in 2015? program at www.cmosetr.com, Kris (email@example.com)
Considering what has been presented at the summit and comments posted by readers, I found the following information interesting to share: "Global Bitcoin mining equipment company KnC Miner is currently in full progress setting up a 10 MW datacenter in The Node Pole region, near the Arctic Circle in Sweden. The operations are to be run from Boden – a town in close vicinity to Facebook's European datacenter - in a facility previously used as a helicopter hangar for the Swedish armed forces. The datacenter is to be used for cloud services and for hosting of specialized Bitcoin mining hardware to a global client-base (source Global Security Mag)"