Geek Culture
Published in

Geek Culture

Iran’s Crypto Mining Surge

How cryptocurrency helps Iranians evade sanctions

Bitcoin and Iranian flag via Nairametrics.com

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…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store