Dude stole 600 Bitcoin mining rigs, was sentenced, and now has broken out of jail in Iceland.
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Authorities say a man who is suspected of being the mastermind behind the theft of $2 million worth of bitcoin mining equipment has escaped the Icelandic prison where he was being held. In Iceland, news outlets have come to call it the "Big Bitcoin Heist." In four separate heists, 600 bitcoin mining rigs were stolen and have yet to be found. Police in Iceland said they believe Sindri Thor Stefansson fled a low-security prison through a window and boarded a flight to Sweden at Iceland's international airport in Keflavik. Iceland has become an attractive place for bitcoin miners due to its use of hydroelectric plants that provide low electricity costs. For someone to set up a hub with 600 miners in Iceland without being noticed seems unlikely, and the fact that none of the stolen items have been recovered suggests that the devices have been moved out of the country. Crescent Electric Supply Company estimates that just the electricity cost of mining a single bitcoin in the US falls between $3,224 and $9,000, depending on where you're located.
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