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

Iran’s Central Bank Will Allow Bitcoin Mining Operations as Miners Flock to the Oil-Rich NationAccording 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. Also read: Bitcoin Miner Recounts Struggle to […]

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Officials Seize Hundreds of Bitcoin Mining Machines in Iran

iran bitcoinBitcoin is a very unique form of money which is often misunderstood. Especially when it comes to mining cryptocurrencies, there are a fair few misconceptions. In Iran, the mining of cryptocurrency has turned into a political debate. Despite there not being any official law prohibiting this industry, several hundred miners were confiscated this week.  A Further Bitcoin Mining Crackdown in Iran It is very interesting to keep an eye on the current cryptocurrency climate in Iran. As the country is trying to note economic growth, the task ahead has proven to be a steep uphill battle. It is not entirely

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Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque

Despite the Grid's Warning Iranians Share Pictures of Bitcoin Mining in a MosqueOn Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners Mining in a […]

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