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Iranian government is mining bitcoin and causing countrywide power shortages. It's also burning mazut in power plants and polluting the environment. Currently 8
by dashtiarian 6y ago
Iranian government is mining bitcoin and causing countrywide power shortages. It's also burning mazut in power plants and polluting the environment. Currently 8% of the world's bitcoin are mined in Iran (which has 1% of the world's population and 0.5% of world's GDP).
I don't know if it's behalf of China or not yet but this must be stopped.
- saddlerustle 6y agoThe only reason bitcoin mining happens in Iran is because the price of electricity is artificially low because of government subsidies. It seems to me that country with power shortages shouldn't be subsidising power consumption and then getting mad when people take advantage of it.
- dashtiarian 6y agoNope. People are not taking advantage of anything. Do you live in Iran? Majority of bitcoin is mined in containers. Civilians do not have access to megawatt power supplies. Civialns also can't import such containers. Electricity may be cheaper but graphic cards and ASICs certainly are not. TDLR; people don't have access to mining equipment or power source required. Rulers do.