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-48799155Can this confirmed that indeed Iran is already into bitcoin now as a hedge specially as fears of a total war with US?
read an article about iran being the new hotspot for crypto mining thanks to the low price for electricity, did not realy belive it sounded abit off in my eyes, now i guess it was true after all lol, also wonder how this will affect btc if usa goes to war with iran.
Difficulty drop as their grid goes to shit, anyone stupid enough to push their machines their for low power when sanctions and tensions have been so high is dumb as fuck.