95% of Iran’s 427,000 active crypto mining devices operate illegally, official says
Iran’s energy chief says 95% of the country’s 427,000 crypto mining rigs operate illegally, consuming massive power and destabilizing the national grid.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Iran’s energy chief says 95% of the country’s 427,000 crypto mining rigs operate illegally, consuming massive power and destabilizing the national grid.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin Hashrate Reclaims One Zettahash As Mining Competition Rebounds
TL;DR: BlocksBridge reported Bitcoin’s seven-day hashrate above one zettahash in the week to October 22. Mining competition has re...
Bitcoin Is Busier Than Ever, but Bitcoin Mining Isn’t Getting Paid More
Bitcoin is processing more transactions than ever before on an annual basis, but the growing activity is doing little to improve o...
Kraken Eyes Kazakhstan Market After Country Tightens Crypto Rules
Kraken’s parent company, Payward, has received in-principle approval to expand into Kazakhstan, a country that once controlled rou...
Bitcoin Slides Below $80,000 as US Evacuates Middle East Personnel on Iranian Threat
Bitcoin slid to $79,700, its weakest in over a month, as the US evacuated Middle East personnel on Iranian attack threats. Ether,...
Tether’s mining development kit gets backing from 15 mining firms
Tether's MDK initiative could revolutionize Bitcoin mining by fostering interoperability and automation, potentially reshaping ind...
Injective CEO meets White House, SEC and CFTC officials on onchain finance
The meetings highlight a potential shift towards regulatory acceptance, potentially paving the way for institutional adoption of D...