There are a lot of restrictions that make investing in your idea "losing money" that will never make profits due to the following:
- Low electricity prices: This is not a real advantage. Iran has passed legislation on the use of electric energy in mining, indicating that additional fees will be imposed.
The Iranian government is reportedly offering a bounty for anyone that dobs illegal Bitcoin $BTC▼0.42% mining businesses to the authorities. ... Rajabi said that using the national grid to mine cryptocurrencies during peak hours will be outlawed under new regulations used to calculate electricity prices.
Legal status: The central bank prohibits crypto transactions, which makes the legal basis non-existent, in addition to the fact that Iran is an unwanted country, so (legally) it will not be able to recover money if any problem occurs.
I know that there's a few people selling and buying bitcoin in Iran with LocalBitcoins, he said, adding that bitcoin was the "only way" to transfer money from the country. Iran's central bank banned bitcoin-related transactions in April
Low exchange rate of local currency due to excessive inflation.
And many other things.