Did you know Bitcoin Mining Linked to Power Outages?
Bitcoin mining is believed to be a key factor in the power outages that have plagued Iran in recent months. The country has faced rolling blackouts in October and November, with some experts pointing to cryptocurrency mining as a major cause due to the immense amount of electricity required. Despite economic difficulties and declining fuel reserves, the surge in bitcoin’s value has led to a rise in unauthorized mining operations, often exploiting subsidized electricity. Iran’s government is struggling with Aging infrastructure and low reserves, while mining operations continue to cause power disruptions. With bitcoin’s rise, the Iranian public suspects that the surge in mining activities is exacerbating the energy crisis.
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Greetings! I'm John C. Morley, a seasoned serial entrepreneur, engineer, marketing specialist, and a nationally recognized talk show host on both the internet and AM/FM radio. My journey through the realms of business and self-improvement has been nothing short of remarkable, and I am driven by my passion for motivating others to become the best versions of themselves.
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