Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Galaxy on May 22, 2021, 08:32:58 AM
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Iran accounts for 4.5% of all Bitcoin mining in the world, says blockchain data firm Elliptic. Iran accounts for 4.5% of all Bitcoin mining, according to a new study from the blockchain data firm Elliptic. At the country's current rate of power consumption, Elliptic estimates that Iran’s Bitcoin mining farms would generate $1 billion in revenue, annually.
In putting together their estimate, Elliptic looked at data from Cambridge University’s Centre for Alternative Finance, as well as statements from Iran’s state-controlled Power Generation, Distribution, and Transmission Company (also known as Tavanir), which claimed Iranian miners use up to 600 MW of electricity. Source (https://decrypt.co/71676/iran-bitcoin-mining-elliptic)