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President Hassan Rouhani said at a cabinet meeting Wednesday that a drought in the region was responsible for crippling the countrys supply of hydroelectric power. But, he said, the huge amount of illegal bitcoin mining that happens in Iran was tapping a staggering 2 gigawatts of power each day from the already-stressed grid. Legal operations, meanwhile, used somewhere between 200 and 300 megawatts. Bitcoin, of course, is a huge electricity drain, due to the enormous amount of computing power needed to solve the equations required to mine the cryptocurrency. Digiconomist, which tracks the impacts of cryptocurrency, estimates that the energy use from bitcoin mining each year is between the current energy use of the Netherlands and Pakistan. Rouhani said around 85% of this 2-gigawatt power suck was from unlicensed operations. Iran has become a hotspot for illegal mining after many miners began to decamp there to take advantage of the countrys heavily subsidized energy partially due to the fact that Iran cant sell its oil due to international sanctions . Around 4.5% of the worlds total bitcoin mining now takes place in
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vaso stanley of electricity somewhere else in the world and set up shop there.聽 The electricity shortage adds to an already-stressed energy system in Iran. The country has struggled Wwls The Midwest s New EPA Chief Is Bad News
that begins with Hitler jokes. Sadly, this is far from the first time hes punched down at small-time creators. Leafy, who has amassed a following of over 2 million subsc
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