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 ;)
KIBO MASSIVE TRADE 56 MILLION LIVE!
KIBO MASSIVE TRADE 56 TRADE MILLION LIVE!
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.
Another 5 million buy just popped up from 1038am, price .275p. Ask at time .27
5 Million Buy just popped up from 1020 am 27p
PMSL Troajan, I'm not done with ARB yet. Not by a long shot, still buying. ;)
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
Troajan, happy new year to you mate!
2.5 Million buy just popped up.
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.
4 Million total buys above the bid in the intraday auction
Hey Laguna,
How are you mate, how was your Christmas and new years?
I feel sorry for any derampers, Riddler will have the best of research behind him going into a long position here.
Fill or kill to Buy at .27p, a big few weeks ahead. Plenty happening this quarter, interesting to see it being this difficult to buy at this price.
Yes jax, it will be. However, what percentages must it go up to to get back to where it was? Clearly NOT 50% or 95%. ;)