Iran Will Reportedly Cut Off Electricity to All Legal Crypto Miners
The Middle Eastern nation has gone against licensed crypto miners and will shut down all 118 legal ones in two days, according to a recent report. The country’s authorities have already done something similar in the past, citing the growing electricity demand during the summer.
Unlike previous years, though, Iran’s share in terms of BTC mining has been declining, so shutting down all licensed operations in the nation will not have much of an impact on the hash rate. Cambridge’s Bitcoin Mining Map shows that Iran has fallen behind other nations. For example, it accounted for 6.9% of the total hash rate in June last year, while the percentage has dropped significantly to 0.2% as of January 2022.
Source
t.me/Mining_Crypto_Miner
