Post
Topic
Board Bitcoin Discussion
Re: Iranian Government To Cut Power To Country's Legal Crypto Mining Platforms
by
Rruchi man
on 22/06/2022, 21:26:46 UTC
According to a report by Bloomberg, there will be 118 legal crypto mining centers that will be banned from energy from next June 22,
If I properly understood the article, it says the government will cut supply of electricity to mining platforms, but it doesn't say that it will stop their activity. What this means to me is that the decision to continue will now depend on the miners. To continue their activities will mean that they may have to seek alternative sources of power, but if they can't, they will have to wait out the ban on supply of electricity to them which I think is a very unlikely choice. This is a setback that may reduce the number of miners in Iran, but it will not completely and immediately stop the activities of miners there especially the very determined ones.

 Accommodating 118 crypto mining platforms when some countries are still chasing miners around can be tasking, the government is going through a hard time, burdened with energy concerns, they are seeking ways to relieve themselves a bit, and temporarily this may just be it.