Iran in the Hunt for Crypto Mining

Iran offers cash reward to stop crypto mining activities.

 

The country's electricity network seems to be under enormous pressure during the summer and blackouts are now a common occurrence.

 

As is well known, bitcoin mining is an energy-intensive process and the network burden is high.

 

For any information that leads to the cessation of bitcoin mining, Iran gives 1 million tomans (about $20). So far, over 230,000 mining devices have been confiscated, with a total power of around 800 to 900 MWh.

 

Bitcoin mining continues to be a profitable process and the price increase is an additional incentive for miners to keep the network in good condition.

 

Such moves like Iran's bring power to other miners who want to increase their revenue….

 

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