Tag: Iranian

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and […]

Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($ 0.006 […]

P2P Markets Report: Iranian Localbitcoins Volume Gains 190% in a Week

P2P Markets Report: Iranian Localbitcoins Volume Gains 190% in a Week The peer-to-peer (P2P) markets have seen a dramatic increase in Iranian and Indonesian trade activity, with both markets posting triple-digit volume gains in recent weeks. Localbitcoins volume has also surged in select Latin American markets this past week, with […]