Geek Culture
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Geek Culture

Iran’s Crypto Mining Surge

How cryptocurrency helps Iranians evade sanctions

Bitcoin and Iranian flag via

At a time when millions of Iranian lives relied on Covid-19 vaccines being consistently refrigerated, the summer of 2021 was marked by frequent,
dangerous power outages. Power cuts are hardly unusual in Iran, but these were caused by a new phenomenon. A surge in cryptocurrency
mining — which requires high volumes of electricity — was overpowering the circuits and…



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