Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: Report
Police in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week.
According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific integrated circuit (ASIC) bitcoin miners had been consuming 95 megawatts (MW) per hour of electricity at cheaper prices.
Authorized miners are charged around 4,800 rials ($0.11) per kilowatt-hour in autumn, winter and spring, says the Iranian Energy Ministry. Subsidized rates may be half as much.
Since 2019, when crypto mining became legal in Iran, the Islamic Republic has shut down 1,620 unauthorized mining farms, local media reported earlier this month. The farms consumed 250MW of electricity, it said.
Now, the Middle East country is currently facing severe power shortages due to rising winter demand, with rolling blackouts across major cities. The government decided to blame bitcoin (BTC) mining for the dire situation.
As a result, Iran’s Energy Ministry has temporarily cut the supply of 600MW of power to all authorized BTC miners in the country, redirecting the energy to household use.
Bed and ISA ;)
I hope you all had a great Christmas and New years! Keep one eye on CLP Clear Leisure. If they announce anything remotely to do with that previous Bitcoin mining program they had, there will be a bloodbath. Market cap still only 2 million, the other one is Stellar coin and Satoshi Pay with Blue Star.
Multibagger weird TA 'Elipse' phenomenon chart breakout alert, watch video from beginning. Similar to ARB. Repost from Sunday, TA from Zak Mir. Kibo chart similar to ARB, AVCT before the multibag breakouts.
https://www.youtube.com/watch?v=DwJiI94DF50&feature=youtu.be
Hey aerial, how are you mate? Did you see that weird TA phenomenon video from Zak Mir I posted the other day for Kibo? Same TA as AVCT, ARB and NCYT before the big breakout.