Category: Iran

3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners

3 Cents per kWh - Central Asia's Cheap Electricity Entices Chinese Bitcoin MinersAs tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, […]

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Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

Iran Has Issued More Than 1,000 Licenses for Cryptocurrency MiningThe Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces […]

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Market Update: Top Cryptos Face Strong Resistance Ahead

Market Update: Top Cryptos Face the Strong Resistance AheadOn January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion in […]

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Crypto’s Counterpunch to U.S. Hegemony and Empire

Crypto’s Counterpunch to U.S. Hegemony and Empire“The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime.” —Hassan Rouhani, President of Iran Also Read: Crypto Confronts Social Justice Warriors Hegemony and Muslim Resistance Hegemony refers to the leadership or dominance of one country or group over others. A nation […]

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Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency

Iran, Turkey, Malaysia Discuss Creating Unified Muslim CryptocurrencyAt a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, […]

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Iran, Hong Kong, India: Failed Protests Point to Need for Crypto-Anarchy ‘Second Realms’

Iran, Hong Kong, India - Failed Protests Point to Need for Crypto-Anarchy ‘Second Realms’What is the second realm? It’s both an abstract and concrete “place” parallel to here, where temporary autonomous zones (TAZ) provide a chance to escape the burning surveillance spotlight of the state and brutal law enforcement culture, and allow for at least temporary exercises of human rights and freedom. A TAZ may allow for free […]

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15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber Warfare

15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber WarfareThe private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel. […]

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Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift

Turkey Throws Another Wrench Into the Works of the Dollar, Joins Russian SwiftThe dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to dethrone […]

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Iran Is Being Targeted for Economic Independence, Not Terrorism

Iran Is Being Targeted for Economic Independence, Not TerrorismNew, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market. With soldiers and weapons “of […]

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Reformed BTC Maximalist Erik Finman Proves the Value of Unschooling

Erik Finman - Converted BTC Maximalist Proves the Value of UnschoolingA 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story ends, though. The high school dropout has since gone on to launch education […]

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From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful

From Booze to Bitcoin Mining - Why Violent Prohibition Is Always HarmfulStories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s Kraskom power company reported illegal siphoning of power from municipal […]

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How Governments Steal Your Money and Conceal It Through Inflation

Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran. Also Read: Global Crypto War Is Heating up […]

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Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War

Sorry, I Don't Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding WarAfter nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these ill-fated and unethical campaigns, with little […]

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Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The […]

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Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

Iran’s Central Bank Will Allow Bitcoin Mining Operations as Miners Flock to the Oil-Rich NationAccording to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to […]

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Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque

Despite the Grid's Warning Iranians Share Pictures of Bitcoin Mining in a MosqueOn Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners Mining in a […]

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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 has warned that illicit mining facilities will be cut off from the grid. Also Read: […]

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Bitmain Launches Low-Cost Special Edition Antminer S9

Bitmain Launches Low-Cost Special Edition Antminer S9On Monday, June 17, the Chinese mining rig manufacturer Bitmain Technologies announced the launch of a low-cost miner called the Antminer S9 version SE. The new 16 terahash per second (16TH/s) S9 SE is $350 per unit and the launch celebrates the company’s most popular product, the original S9. Also read: Report Insists ‘Bitcoin Was […]

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Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

Study Shows Publicly Listed Firms in China Quietly Participate in Bitcoin MiningAccording to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […]

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders Are Now Banned From Using Localbitcoins Exchange in IranTraders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade volume on the Localbitcoins platform, which has been climbing steadily over the last […]

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Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

Bitcoin Miner Recounts Struggle Involved With Obtaining Cheap Iranian PowerOver 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 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines […]

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