Quote from: AllLivesMatter on May 07, 2016, 06:04:17 PM

Quote from: adamastor on May 07, 2016, 11:51:00 AM

You guys are forgetting about big bitcoin mines that are based in iceland. 5 percent of bitcoin is mined in iceland by big companies like genesis mining. These companies are going to play a big role soon because they can produce bitcoin cheaply and then buy auroracoin really cheaply on bittrex selling for higher price on isx.is. these mining companies have at least one billion dollars of bitcoin to trade this way.

It's only legal to mine bitcoin in Iceland but not to buy bitcoin and send it out the country.

Noone in Iceland is buying any bitcoin in this scenario.

Is it 'legal' to send mined bitcoin outside of the country. I would say: probably yes.

In that case I'd say adamastor has a great point and Icelandic miners a good way to improve their revenue given buying pressure on ISX.

Of course they could also just mine AUR directly.