Re: Iran seizes 1,000 Bitcoin mining machines after power spike
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That was a good response. 
Yeah I found that quite amusing too.Then, you have to ROI to get that money back, what will happen if the war breaks tomorrow?
You're going to flee the country with a 9.5kg miner in your backpack?
You're going to flee the country with a 9.5kg miner in your backpack?
That was a good response. Can you imagine those miners being smuggled back out of iran?
They would probably think they are weapons of mass destruction and destroy them all on site.
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Yeah, the new generation of targets for predator drones, forget oil fields, go after bitcoin mining farms.
They mine bitcoin in Iran already within their mosques due to the free electricity they have so why not? 
They get over $260,000 worth of bitcoins and it all goes towards their place of worship.
https://cointelegraph.com/news/iran-bitcoin-miners-set-up-shop-in-mosques-amid-govt-crackdown
https://www.express.co.uk/news/world/1146669/iran-mosques-bitcoin-safe-houses-hiding
They get over $260,000 worth of bitcoins and it all goes towards their place of worship.
https://cointelegraph.com/news/iran-bitcoin-miners-set-up-shop-in-mosques-amid-govt-crackdown
https://www.express.co.uk/news/world/1146669/iran-mosques-bitcoin-safe-houses-hiding
Think of the guys that were installing the miners in the mosque, what would a policeman think seeing some guys at night unloading boxes from a truck and stashing them near the mosque? Probably he would start calling for the antitero units.
While the situation is pretty serious is also a bit funny, dealing with bitcoin and bitcoin equipment is starting to look like a drug operation in some countries.
But seriously, that article is pretty weird.
They say first they've got 260k with 100 miners, that would be 2600 a year, not even an s9j would be able to do it with free electricity, and the new gear wasn't out for a year. If we put the number to 1000 and drive the income to 260 per unit is too little, they haven't even made roi on it.
It looks like Iran was rather invested in crypto - something, I only just learnt. However, the BBC report about the authorities seizing the hardware does seem to indicate to me that Iran is at leat trying to catch the new wave of technology and I hope other developing countries will follow the example set out by Iran.
Yeah, they try to catch up, by seizing the gear and throwing miners in prison.
Nice way of catching up.