Quote from: PonZZ on Today at 10:26:35 AM

More than a half of Bitcoin miners were located in China.n I don't think that Bitcoin ban in Iran will lead to such consequences.

Recently anywhere from 4% to 5% of the mining hashpower was coming from Iran. For the Iranians, Bitcoin was one of the ways to circumvent the sanctions and embargoes. But now it looks as if the mining farms were using too much electricity and the other users were complaining about it. Hopefully, this measure is a temporary one, and as soon as Iran finds a way to convert a part of its surplus petroleum to electricity, these mining farms will be back to operation. It makes sense, doesn't it? They can't sell their crude oil and natural gas as a result of sanctions. Then why can't they use these resources to mine Bitcoin and profit from it?