Quote from: MagicByt3 on June 30, 2019, 10:22:54 AM

Quote from: peter0425 on June 30, 2019, 10:05:05 AM

Quote

Authorities in Iran have seized roughly 1,000 Bitcoin mining machines from two former factories, according to state TV reports.

The action was taken following a spike in electricity consumption.

Demand for power rose by 7% in June and cryptocurrency mining was thought to be the main cause, an energy ministry spokesman told local state-run media.

One researcher said Bitcoin was gaining more and more attention in Iran as a potential means of storing wealth.

"Two of these bitcoin farms have been identified, with a consumption of one megawatt," Arash Navab, an electricity official, told state television.

https://www.bbc.com/news/technology-48799155

Can this confirmed that indeed Iran is already into bitcoin now as a hedge specially as fears of a total war with US?

This is something I have been thinking about America push new sanctions on Iran but we live in a new world where blocking a country to things like finance services will push country's like Iran, Iraq, Turkey, ect towards bitcoin once they see the power it can yeild and no sanctions on earth can do anything to it.

D you think they will mine for there own now with the machines?

I am sure they will search the other way to continue to survive, and if they see that bitcoin can fill what they want, they will use bitcoin soon.
Yes, many countries have afraid about the war with the US because many of them are a small country which needed help from the other country.
Maybe Iran will mine bitcoin too like people in the other country, and I think they can get the benefits of mining bitcoin itself so they can use bitcoin for their finances.