Article

2021-05-24 Syria-Lebanon-Iran

Iran starts rolling blackouts, which officials blamed on heat, drought and surging electricity demand due in part on crypto-currency mining

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Posted by Fred 2021-05-24 00:00|| || Front Page|| [12 views ] Top
File under: Govt of Iran

#1 also uranium enrichment requires a lot of electricity

Posted by Lord Garth 2021-05-24 08:23|| 2021-05-24 08:23|| Front Page Top

#2 Crypto-currency miners are the new kulaks.

Posted by Thing From Snowy Mountain 2021-05-24 08:48|| 2021-05-24 08:48|| Front Page Top

#3 Some info on this idea of "mining" ....
https://www.investopedia.com/tech/how-does-bitcoin-mining-work/

Posted by NoMoreBS 2021-05-24 11:28|| 2021-05-24 11:28|| Front Page Top

#4 How it works in Iran is... the connected to the Party get to profit from it, but noone else does. Cryptocurrency is off limits for ordinary people in Iran; its use is limited to the government and the nomenclatura. But allegations of cryptocurrency mining is used as a scapegoat for the preexisting failures.

Like the wreckers and kulaks way back when.

Posted by Thing From Snowy Mountain 2021-05-24 12:07|| 2021-05-24 12:07|| Front Page Top

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