US EditionBitcoin mining is one of the suspected causes of the power outages disrupting life in Iran
- Iran's capital and outlying provinces have experienced rolling power blackouts for weeks in October and November, disrupting people's lives and businesses.
- Some suspect that cryptocurrency mining may play a role in the outages.
- Iran's economy has been affected by international sanctions over its advancing nuclear program.
- Bitcoin's value is reaching all-time highs during this period of outages.
38 Articles
38 Articles
Iran's President Peseschkian advises his countrymen to wear a sweater at home to protect themselves from the cold. Electricity and gas supplies regularly break down in the country. Experts suspect that the Revolutionary Guards are diverting the energy to mine Bitcoin.
Iran is having rolling blackouts. Some electric companies blame bitcoin mining.
Bitcoin mining could be behind rolling blackouts in Iran’s capital and nearby areas. Iranian media reports daily police raids of these illegal operations, which are often set up in apartments and use virtual private networks to evade authorities.
Associated Press News
Bitcoin mining is one of the suspected causes of the power outages disrupting life in Iran
Iran’s capital and outlying provinces have faced rolling power blackouts for weeks in October and November, with electricity cuts disrupting people’s lives and businesses.
Energy Crisis In Iran — Is Bitcoin Mining To Blame? - Coin Surges
Bitcoin mining, while a largely profitable venture for mining companies and individuals, can cause plenty of problems. The rise of crypto mining can raise rates, weaken grids, and even cause power blackouts in certain countries like Thailand, Venezuela, and Kazakhstan. Iran’s capital and its nearby provinces are also reporting rolling power blackouts in the last two months, disrupting businesses and the locals’ everyday lives. While the local a…
Bitcoinist
Bitcoin InsiderEnergy Crisis In Iran — Is Bitcoin Mining To Blame?
Bitcoin mining, while a largely profitable venture for mining companies and individuals, can cause plenty of problems. The rise of crypto mining can raise rates, weaken grids, and even cause power blackouts in certain countries like Thailand, Venezuela, and Kazakhstan. Iran’s capital and its nearby provinces are also reporting rolling power blackouts in the last...
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