Iran seizes 1,000 Bitcoin mining machines after power spike
These are external links and will open in a new window/ Bitcoin mining centres often house hundreds or even thousands of computers dedicated to the cryptocurrency network Authorities in Iran have seized roughly 1,000 Bitcoin mining machines from two former factories, according to state TV reports. The action was taken following a spike in electricity consumption. Demand for power rose by 7% in June and cryptocurrency mining was thought to be the main cause, an energy ministry spokesman told local state-run media. One researcher said Bitcoin ...
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