tehran

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

<header class=”article__header”> </header> <strong>According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy.</strong> Also read: Bitcoin Miner …

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned Read More »

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

<header class=”article__header”> </header> <strong>Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the …

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners Read More »

Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

<header class=”article__header”> </header> <strong>Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get …

Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power Read More »