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Iranian Officials Seized 1,000 Bitcoin Mining Machines

Discussion in 'Bitcoin Investments | Discussions' started by mlmads, Jul 1, 2019.

  1. mlmads

    mlmads Jackobian

    Officials in Iran have seized about 1,000 bitcoin (BTC) diggers from factories that have been discontinued. Two BBC reports on June 28
    As reported, local officials noticed that electricity consumption increased by 7% earlier in June and linked to excavation activities. cryptocurrency The officer later discovered and removed the digging hardware from two factories in the past.
    It is reported that Arash Navab, an electrical official, said "These two bitcoin farms have been identified with one megawatt consumption."
    Oxford researchers told the BBC that Iranian people turned to using bitcoin encryption rather than

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  2. wazzaap

    wazzaap Upcoming

    This is very interesting story. Indeed, the only sideway of mining crypto currencies is electricity consumption. This is why the only way for mining to be profitable business is for mined currency to accomplish certain price on the market. Otherwise, miners can end up in loss