Iran faces widespread power blackouts, potentially linked to unauthorized Bitcoin mining.

Iran has experienced rolling power blackouts in its capital and provinces since October, disrupting daily life and businesses. While multiple factors likely contribute to the outages, some suspect that unauthorized cryptocurrency mining, particularly for Bitcoin, may be a significant factor. Bitcoin mining requires substantial electricity, and with Iran offering subsidized rates, unauthorized mining operations have reportedly surged. The government has offered rewards for reporting unlicensed mining farms, as they are believed to cause abnormal increases in consumption and disrupt power networks.

3 months ago
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