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On 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 … Read more
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 grid. Also Read: … Read more
Iran plans to cut off power to crypto mining until new energy prices are approved, an official at Iran’s Ministry of Energy revealed Go to Source Powered by WPeMatico
On Monday, June 17, the Chinese mining rig manufacturer Bitmain Technologies announced the launch of a low-cost miner called the Antminer S9 version SE. The new 16 terahash per second (16TH/s) S9 SE is $350 per unit and the launch celebrates the company’s most popular product, the original S9. Also read: Report Insists ‘Bitcoin Was … Read more
New research revealed to Cointelegraph reports details on TON, Telegram’s blockchain project Go to Source Powered by WPeMatico
A lot of things are changing in the world of cryptocurrency. As this industry gains more widespread adoption, it is only normal the ecosystem receives some improvements along the way. In Iran, however, there are a fair few developments which may or may not paint a bright future for Bitcoin and altcoins. That in itself … Read more
Iran’s deputy energy minister has said that power bills for crypto mining should be calculated in real electricity prices and no longer subsidized Go to Source Powered by WPeMatico
Access to the decentralized exchange developed by major cryptocurrency exchange Binance will be blocked from 29 countries Go to Source Powered by WPeMatico
According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in … Read more
Crypto users in Iran have been left with minimal options following LocalBitcoin’s shutdown of services in the country Go to Source Powered by WPeMatico