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(Bloomberg)   Remember when Iceland discovered investment banking and totally screwed that up? Well, now they've discovered cloud computing. You can see where this is heading   (bloomberg.com) divider line 23
    More: Fail, Microsoft, John D. Rockefeller, Iceland, Faroe Islands, failed banks, capital controls, French Riviera, cloud computing  
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1257 clicks; posted to Business » on 22 Mar 2012 at 10:29 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



23 Comments   (+0 »)
   
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2012-03-22 09:00:31 AM  
Say, how are things in Iceland these days? Haven't read about them since the investment bankers fouled everything up over there...
 
2012-03-22 09:55:36 AM  

Candygram4Mongo: Say, how are things in Iceland these days?


Better than you'd think. The former NATO base has provided tons of virtualy free real estate to build all kinds of cool projects. Here's a link to the data center, powered by geothermal electricity, and cooled with plain outside air (Average air temps around that part of Iceland rarely exceed 55F even in summer) so it's an ideal hosting environment for non latency-sensitive applications and storage.

Verne Global Data Center (new window)
 
2012-03-22 10:36:49 AM  
Iceland did the right thing by giving the finger to the bankers.

They have a fantastic resource of thermal energy in Iceland. They should be a world leader in data centers and aluminum production.
 
2012-03-22 10:38:30 AM  
www.examiner.com
What an Icelandic cloud may look like.
 
2012-03-22 10:57:04 AM  
Yeah Iceland is all farked up. They don't have their shiat together like the US does. Just look at that booming US economy.
 
2012-03-22 11:03:08 AM  
I think this is cool subby.
/Putting data centers in the hot ass south is a bad idea IMHO(Apple)
 
2012-03-22 11:07:32 AM  

Candygram4Mongo: Say, how are things in Iceland these days? Haven't read about them since the investment bankers fouled everything up over there...


My understanding is, they defaulted, had a rough year, and then carried on. Would have been nice if that had happened to Greece as well.
 
2012-03-22 11:26:52 AM  

YixilTesiphon: Candygram4Mongo: Say, how are things in Iceland these days? Haven't read about them since the investment bankers fouled everything up over there...

My understanding is, they defaulted, had a rough year, and then carried on. Would have been nice if that had happened to Greece as well.


Iceland itself was sound, just over leveraged banks at the wrong time. A bit different than the structural issues Greece has.
 
2012-03-22 11:34:45 AM  
Hurra sky
 
2012-03-22 12:11:57 PM  
In addition, I seem to recall Iceland promoting themselves as a major "free speech" haven. North America and Europe each have some political issues that make hosting certain types of content (not anything like kiddie porn, of course) difficult. Things like Wikileaks, The Pirate Bay, etc.

If they could pull it off, that'd be pretty slick.
 
2012-03-22 12:13:10 PM  
You can see where this is heading

Viking pr0n?
 
2012-03-22 12:13:33 PM  

YixilTesiphon: Candygram4Mongo: Say, how are things in Iceland these days? Haven't read about them since the investment bankers fouled everything up over there...

My understanding is, they defaulted, had a rough year, and then carried on. Would have been nice if that had happened to Greece as well.


You realize that Greece has 35x as many people as Iceland and their per capita GDP is only 75% of Iceland's, though, right?
 
2012-03-22 12:17:26 PM  

Candygram4Mongo: Say, how are things in Iceland these days? Haven't read about them since the investment bankers fouled everything up over there...


I was just there two weeks ago. It appeared to be going well, although many of the young people I talked with are planning on leaving the country for education and jobs elsewhere in the near future. A good number of them I chatted with are applying or have already accepted jobs to move to countries around the North Sea to work in petrochemical/drilling related industries.

All of them said they plan to use that experience to bring back to their home country and further expand their expertise in geo-thermal tech.

Oblig trip photo - scuba diving in the Silfra Rift.
a8.sphotos.ak.fbcdn.net
/most of the people I hang out with are scuba divers, so that would explain their technical backgrounds and job aspirations.
 
2012-03-22 12:22:50 PM  

YixilTesiphon: Candygram4Mongo: Say, how are things in Iceland these days? Haven't read about them since the investment bankers fouled everything up over there...

My understanding is, they defaulted, had a rough year, and then carried on. Would have been nice if that had happened to Greece as well.


three rough years, and public debt increased more than threefold (28% of GDP to 90%)
 
2012-03-22 01:25:17 PM  

Incontinent_dog_and_monkey_rodeo: Iceland did the right thing by giving the finger to the bankers.

They have a fantastic resource of thermal energy in Iceland. They should be a world leader in data centers and aluminum production.


iceland facts

Bauxite was shipped from Australia to Iceland to be refined into aluminum (I don't know if it still is)
 
2012-03-22 02:13:03 PM  

Trolljegeren: Bauxite was shipped from Australia to Iceland to be refined into aluminum (I don't know if it still is)


Yes.. Iceland receives tankers full of bauxite from South America daily, which is then processed in huge plants around the island. 60% of Europe's raw aluminum comes through Iceland.

farm3.staticflickr.com

The two long processing buildings on the right were added recently.
 
2012-03-22 03:22:52 PM  

markie_farkie: Trolljegeren: Bauxite was shipped from Australia to Iceland to be refined into aluminum (I don't know if it still is)

Yes.. Iceland receives tankers full of bauxite from South America daily, which is then processed in huge plants around the island. 60% of Europe's raw aluminum comes through Iceland.

[farm3.staticflickr.com image 640x315]

The two long processing buildings on the right were added recently.


Lived in Keflavik NAS from 1981-1984 - remember that aluminum plant every time my family drove from the base to Reykjavik and all other points North.

I can recognize many of the buildings on Google maps, still.
 
2012-03-22 03:53:44 PM  

RoLleRKoaSTeR: Lived in Keflavik NAS from 1981-1984 - remember that aluminum plant every time my family drove from the base to Reykjavik and all other points North.

I can recognize many of the buildings on Google maps, still.


2005-06 as a civilian contractor at the hospital. I was one of the last 3 civilians to leave the base as it closed forever in September 06.

I'd move back in a heartbeat!!

A small sampling of some of my Iceland pics. Enjoy!! (new window)
 
2012-03-22 07:04:20 PM  

markie_farkie: RoLleRKoaSTeR: Lived in Keflavik NAS from 1981-1984 - remember that aluminum plant every time my family drove from the base to Reykjavik and all other points North.

I can recognize many of the buildings on Google maps, still.

2005-06 as a civilian contractor at the hospital. I was one of the last 3 civilians to leave the base as it closed forever in September 06.

I'd move back in a heartbeat!!

A small sampling of some of my Iceland pics. Enjoy!! (new window)


Nice pics. I like the greenhouse troll. :)
 
2012-03-22 07:51:38 PM  

Trolljegeren: Nice pics. I like the greenhouse troll. :)


Gee, I can't figure out why..

Sadly, that place burned down last year or so.. It was kind of a tourist mecca (rare for Iceland) and had an enormous geothermal greenhouse, a gift shop, restaurant, etc. No word if they're going to rebuild..

Burnination of shrub-troll here (new window)
 
2012-03-22 11:51:56 PM  
We have already done this, its called EVE.
 
2012-03-23 03:09:33 PM  
Terrible cable management.
 
2012-03-23 08:28:59 PM  
Iceland did something Greece should have.....told those who held Icelandic debt that they were going to learn some real Free Market....like "the government you loaned that money to does not raise taxes or print money to pay you back....your loan is done at risk"....um, like all loans are supposed to be

Iceland has survived....Greece will not....because it will go Business Socialist to pay debtors back
 
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