Due to its extremely affordable electric prices cryptocurrency miners from China, Spain, Ukraine, Armenia and France are trooping into Iran to start crypto mining operations there.
Priced at $0.0006 per kilowatt-hour (KWh) Iran’s electricity is one of the lowest rates around the world.
According to a representative of an Iranian State-operated grid entity, Tavanir, the electrical consumption has spiked by 7% in comparison to the previous year blaming illicit cryptocurrency mining operations in the country.
It was revealed that there have been reports of over 100 mining illegal operations in the country especially on places where prices are heavily subsidized such as green horses and mosques.
Headlines for the world of Cryptocurrencies - July 12, 2019
- PwC Reports Token Sales In Q1 Raised $3.3 Billion
- Crypto Too Disruptive To Ignore
- Binance Suggest Merge Mining To Mitigate Halving Shocks
- First Consumer-Facing Blockchain Token Approved By SEC
- Another Bitcoin Derivatives Soon To Hit The U.S.
Headlines for the world of Cryptocurrencies - July 11, 2019
- Blockstack Token Offering Approved By SEC
- Shell Invested In Blockchain Start Up For Energy Tracking
- Registration With Financial Watchdog A Requirement In Canada For Crypto Exchanges
- Bitcoin Core Developers Gets $60,000 Grant From Bitmex
- Gemini Eying Libra Association Membership
Headlines for the world of Cryptocurrencies - July 10, 2019
- Samsung Releases SDK For Ethereum Developers
- Ban On USD Creates Massive Interest On BTC In Zimbabwe
- The Hashrate Growth Of Bitcoins Continues To Accelerate Reaching New Highs
- Coinbase And Aon Launching Regulated Insurance
- Election Authority In The U.S. Set To Decide On Member’s Ethereum Token Initiative
