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Jun 28, 2019· Media caption Bitcoin defined: How do crypto-currencies work?. Bitcoin mining has reportedly sprung up in quite a lot of places in . "Everybody's speaking about Bitcoin and methods to get it," mentioned Mahsa Alimardani, a researcher on the Oxford Web Institute, who grew up in .
Iranian authorities have seized 1,000 bitcoin mining rigs in a government crackdown on crypto mining. Electricity consumption has spiked in the country, which became a 'hot spot' for bitcoin mining in 2018 due to low-cost, subsidized electricity.
Jun 28, 2019· Authorities in have seized roughly 1,000 Bitcoin mining machines from two former factories, according to state TV reports. The action was taken .
The provincial police of recently came out with a report stating that they did arrest cryptocurrency smuggler. According to sources, News. Cryptocurrency News Blockchain News Ethereum News Ripple News Altcoin News Bitcoin News Crypto Scams. Cryptocurrency News.
In previous rankings, the top five corporations were IDRO with an asset of 112,658 billion rials followed by Khodro with an asset of 65,971 billion rials, Mining Industries Development and Renovation Organization with 52,184 billion rials, SAIPA car factory with 40,528 billion rials and National Petrochemical Company with 32,024 ...
As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities. Officials subsequently discovere
Mining in is underdeveloped, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth $770 billion in 2014. Mineral production contributes only 0.6 per cent to the country's GDP.
Sep 25, 2019· 1,000 Bitcoin Mining Machines Seized After Iranian Power Spike The demand for power in rose by 7% in June, which was highly unusual for the nation. It was thought that the reason for the spike was the increased use of cryptocurrency mining equipment according to 's energy ministry spokesman. While cryptocurrency has been popular [.]
Jun 28, 2019· Power officials in have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, . The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June.
Jun 29, 2019· Seizes 1,000 Bitcoin Mining Machines Authorities in have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories. As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities.
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Iranian provincial police have arrested an individual smuggling in cryptocurrency mining machines, local news agency Fars News reported on July 31. The Saveh Police Department's Anti-Trafficking ...
Aug 01, 2019· Iranian provincial police have arrested an individual smuggling in cryptocurrency mining machines, local news agency Fars News reported on July 31.. The Saveh Police Department's Anti-Trafficking Police seized a truck allegedly carrying 117 cryptocurrency mining machines to the value of 11.7 billion Iranian rials ($277,876 at press time).
Jun 27, 2019· Iranian authorities have seized about 1,000 bitcoin mining machines in two abandoned factories, state television reported, after warnings that the activity had led to a spike in consumption of ...
Jun 28, 2019· The Iranian government is cracking down on bitcoin mining operations after claims that mining operations were destabilizing the power grid and .
Aug 02, 2019· The Iranian provincial police have seized smuggled crypto mining machines while conducting an investigation into the traffic. The Saveh police department found a truck carrying 117 cryptocurrency miners worth 11.7 billion Iranian rials. An official of the police news agency confirmed that the authorities confiscated this mining equipment.
Authorities in have seized roughly 1,000 bitcoin mining machines from two abandoned factories, according to RadioFreeEurope. Following the June 27 action, a spokesman for the Energy Ministry ...
Authorities in have confiscated about 1,000 units of bitcoin mining machines from two now-defunct factories. Authorities in have confiscated about 1,000 units of bitcoin mining machines from two now-defunct factories, BBC reported on June 28. As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities.
Jul 01, 2019· Government in have confiscated about 1,000 devices of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28 As reported, native government spotted a surge in electrical energy intake by way of 7% previous in June and connected it to cryptocurrency mining actions ...
Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines. Jun 30, 2019· Authorities in have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28 As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities.
Jul 01, 2019· Reuters reported tha local authorities blamed an "unusual" spike in electricity consumption in the country on cryptocurrency miners. Iranian Energy Ministry spokesperson Mostafa Rajabi said that confiscated bitcoin mining machines were mostly to blame for a 7% increase in power consumption in the month of June.
Iranian Mines & Mining Industries Development & Renovation (IMIDRO) intends to carry out 34 mining projects by the calendar yearend to March 19 2017, a senior industrial official said. Iranian Deputy Trade Minister and head of the IMIDRO, Mehdi Karbasian, said on Sunday that the projects will be completed with an investment of $7.2 billion.
Jun 28, 2019· Iranian authorities have escalated a long-brewing crack down on the crypto industry. Reports have just emerged that over a thousand Bitcoin machines have been seized by police in the Central Asian. The crypto mining machines belonged to two separate factories. The move was supposedly driven by a soaring electric consumption that Iranian authorities blamed on crypto traders .
Financial Tribune is the only non-governmental Iranian English daily newspaper. We cover news and analysis about economy, markets
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