Bitcoin Forum

Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm

What is your opinion about that?

You should include a link next time: Iran Legalizes Crypto Mining (https://www.coindesk.com/iran-legalizes-crypto-mining)

I imagine the US government will take this as cause to further clamp down on exchanges and other Bitcoin services. They'll push for stricter regulations and enforcement under the guise of concerns over sanctions. This is what a US official said a few days ago (https://www.foxnews.com/world/iranians-feeling-sanction-squeeze-turn-to-bitcoin-sparks-concern-over-mining-operations):

i don't think "legalize" is the correct word to use here because it is somewhat misleading. they just regulated bitcoin mining because it was not illegal before to legalize now and if i am not mistaken, legalize is a term used for when the government turns something from illegal to legal.

if they do it they will only use it as an excuse but the real reasons would be different. these sanctions didn't start yesterday, they have been there for years and no Iranian could ever use any of the bitcoin exchanges since none of them ever accepted them anyways!

Iran being a country with not much of economic uplifting legalizing the mining farms make way for the people have financial freedom. When we hear about the country Iran all that we remember is the violence, war, bombs and so on. Soon this will change as they've begun their first level of growing bigger and better through bitcoin. Can expect more countries to follow the plan of Iran.

That's a good news, but we like to verify it through the source of the news, can you add that in the OP?
Personally, I don't know the status of crypto in Iran but this is legalization of mining and it's not good for the country but good for the entire crypto.

This is an impressive move from the Middle Eastern nation. With the ever straining relationship with the United States, Iran has sought to outdo US by legalizing mining. This is a giant stride in my opinion cryptocurrency. More nations with strained relationships with the United States are very likely to follow suit and implement further policies that will be beneficial to the cryptocurrency markets.

This is fantastic. Last time, I read the Iranian government was accusing bitcoin miners of causing a spike on electricity demand in Iran. I think they just realize it wasn't the fault of miners. I wonder how the US government will react to this great move.

Let us make a small comparison on the amount of money that Iran receives from the export of oil & start mining farms, where the production of oil is about 30,000 barrels per day, which is smuggled and the price of a barrel is about 60 dollars, and the amount of effort that can happen to buy mining devices/electricity to earn some Bitcoins."
A fundamental point is that these currencies are transparent to a large extent so the multi-billion dollar conversions will be clear and thus easy to block those bitcoins (anyone can track 100 Bitcoin movement.)
Cryptocurrencies may enable a person to obtain products if he is in a state banned by the United States but will not enable states to maneuver.

I think Iran now recognized Bitcoin and other cryptocurrencies right now that the price of Bitcoin is doing great, And in legalizing the crypto mining it will sure put a green light for people that are into Cryptocurrency over their country, but it is still unclear if the transaction domestically will change or maybe it is in a state of study for the government if what they can do about this, Because of certain illegal activity that some criminals that are using cryptocurrency to get away from their illegal transaction, I guess that is what the government of Iran is just avoiding.

i'm Iranian :)
ask me about Iran cryptocurrency amir.devel@gmail.com

I'm pretty sure the government won't base their decision just because the price of an asset is 'great', while in fact, we're still far from ATH.

Anyway, it seems like you need to read further up. What Iran does might result in bad conditions to mine if they decide to not subsidize mining farms and so on.

Mining in north pole or somewhere with low daily temperature is probably better when that happens.

They just made their country the top one priority for miners to change their locations with. They have been the preferred choice for foreign miners as they have cheap electricity which cibsideravly reduces the costs of their operations. Now that they have officially legalized crypto mining then we can expect that even their own citizens will start and go mine crypto not only foreigners taking advantage of their resources.

In my opinion this decision will not affect anything

Who will risk to move to Iran to build a mining facility?
Who will guarantee safety, low electricity costs and stability in general?

I would only build a mining facility in a stable country, it's not woth the risk to mining in some countries

the plan was never to prevent miners from mining. the plan was to take their cut from it from day one, just like any other country and their tax man ;)
this means the cost of electricity for these miners will not be that much higher, there profit will surely reduce compared to when they were stealing electricity but it still will remain high enough for them to continue.

Legalization comes with some laws about cheap electric power for miners, if you want to learn more about this i will leave here the full article 'Iran Finalizes Electricity Pricing Scheme for Cryptocurrency Miners'

https://cointelegraph.com/news/iran-finalizes-electricity-pricing-scheme-for-cryptocurrency-miners

The article is only 2 days old, so is fresh material for the topic.

Good news,however I think it will affect the economy, it's only good for the electronic market, think about it if it happens in many places, it will boost the price of the coins and it is good for all of us here.

Next to China is Iran when it comes to electricity cost https://bitcoinist.com/wp-content/uploads/2018/03/Bitcoin-Mining-Electric-Costs-By-Country.jpg
This opens up for miners to migrate specially from residing countries consider that mining would be profitable since there would be no headaches on making operation.
At least Iran government somehow consider such decision.

I believe that this decision has to do with the rivalry that Iran has with the US.
When they heard that Trump is opposed to cryptocurrencies they started to make positive statements about crypto and blockchain firms in general. I think that we are about to see more exciting things with regards to the cryptocurrency industry.

The term 'legalize' has been used loosely for so many times that it starts to get mixed up with the term 'regulated.' Iran simply regulated the mining scene in their country and that's it, although it's still one step forward towards crypto acceptance nonetheless. Anyway, I hope that Iranians capitalize on this decision made by the government and do some actual advancements for their own community. They may have received multiple economic sanctions from the US government and are still being pressed by Trump up to this day, but through bitcoin and cryptocurrencies they finally have some avenue to at least stay connected to the rest of the world and doing some progress on their own.

Petro is centralized an thus easy to block and shutdown. All you have to do is block access to the single server, or make something happen to the single data center where its few (private) nodes reside. Absolute garbage.

On the opposite you cannot block Bitcoin, there is no single point of failure. If a country like Iran wants to evade US sanctions, all they have to do is use any decent crypto, such as Bitcoin and not bother with centralized garbage.

Besides Venezuela is having enough trouble managing to keep the lights on, yesterday we had yet another nationwide blackout of over 12 hours, and again the "evil Americans" with their "electromagnetic pulse weapon" are to blame (again).

The sanctions didn't start yesterday, but the Treasury Department has been slowly ramping up its pressure on exchanges ever since 2017. A formal endorsement of mining by Iran suggests there will be increased Iranian capital flow into mining. Between that and the fact that Iranian officials have repeatedly said cryptocurrencies can be used to thwart sanctions (https://cointelegraph.com/news/us-sanctions-on-iran-crypto-mining-inevitable-or-impossible), it makes sense that US officials are watching closely. The fact is that P2P markets, DEXs, and non-KYC exchanges could theoretically allow circumvention of sanctions.

There is no shortage of news outlets hyping up countries and refer to them as crypto hot spots, while in reality there aren't any metrics actually pointing out that there is much happening over there. I haven't seen anything aside from a few local individuals in Venezuela who shared with the world they like crypto, haven't seen anything about Zimbabwe while it was praised for its Bitcoin adoption, etc.

This global 'adoption' that we're reading about seems to be as much of a buzz hype as the blockchain buzz hype itself is. Lots of talk and promises, but next to nothing that actually delivers something.

Hardly, you are giving too much weight to American holders. It is known that in this world the most holders live in China. If all Americans sold their Bitcoin, it would temporarily go down as you say, but never nowhere near $50. I doubt an American dump is able to manipulate the price beyond a few thousand.

If Trump does the same to Bitcoin, the net would route around it, exactly as designed. We are here in this very forum telling people in India how things would work in that case, USA is no different, same thing would apply: Use Tor, and be proud its an US Navy project, God Bless America.

I always have a positive attitude to those countries that do not limit their residents in their rights.Now the crypto currency is really developing rapidly and it is very stupid to give up the advantages that it provides.Iran well done!Perhaps and-for this positive news mining in this country will be a very popular activity.

Iran have good goverment and become to familiar country by cryptocurrency community around the world, when electrical cost there are low and have fasility for outside community to joining, then iran will be crypto currency country friend.

I just read the coindesk article that was posted, and I think this line is very interesting.


I was just made aware of how cheap electricity in Iran is, it is currently around 0.05$ per kilowatt-hour, while china's cost is around 0.075$ per kilowatt-hour and America's is 0.12$ per kilowatt-hour. I wonder if this quote is hinting that the price is going to rise, or there's going to be extra taxes on miners?

Other then that, there's nothing much in the article, pretty sure the government just wants to cash in the people taking advantage of their cheap electricity.

Iran's electricity sector is heavily subsidized by the state. Officials have made the point that they don't want to subsidize private miners. I imagine they want to establish regulations that jack up the rates miners pay.

I think the heck is very good, but there is no clarity whether the officials will change their attitude about the use of cryptocurrency domestic payments or as an official payment instrument, because the central bank of Iran itself commanded Use of crypto for domestic payments at the end of January 2019 yesterday

the sanctions didn't start in 2017 either they started back in 1979 just as the revolution occurred in Iran and have been only increasing ever since. my point was that if US decided to do anything to exchanges in the name of Iran and sanctions,... they would be lying their asses off since Iranians never used any of these exchanges they have access to put pressure on in first place.
any other method they were using (DEX, P2P, certain exchanges,...) have been and will remain out of their jurisdiction and reach.

This is quite a bold move and not only beneficial to the crypto community.

If all goes well in the long run they will be inviting more and more investors to relocate to that place and also give other industries like the energy sector an opportunity to open up as a result of this development, just hope electricity tarriffs are competitive.

Sounds weird, They are now allowing bitcoin miners but they did not clear their stands with regards to bitcoin trading. As we can remember that trading from other countries are not allowed.

So how can the miners prioritize the benefits if they can't sell it out. Is the government planning to buy all the mined coins?

In essence, this is the placement of Chinese mining farms in Iran. A good form of investment  (http://inechain.com/search?q=bitcoin+invesment)attracting.

I am sorry to ask, but why is so much electricity used when mining?

Before 2017, in the eyes of the Treasury Department, cryptocurrency wasn't relevant to sanctions enforcement because the market was so tiny. That is obviously changing as Bitcoin becomes more and more valuable. And Iranians were allowed on most exchanges before that time. That's why there was a big scandal when Bittrex disabled the accounts of all Iranians and confiscated their funds. See these threads:

https://bitcointalk.org/index.php?topic=2342458.0;all
https://bitcointalk.org/index.php?topic=2279516.0;all

From 2017 on, we've seen many exchanges add TOS prohibiting regions based on OFAC sanctions. This is because OFAC wasn't applying any pressure before then. Now they are.

Do you think China will follow the example of Iran? This week, the Chinese court recognized Bitcoin as a digital property and also reduced the tax for business. Will mining be the next question to be discussed by the Chinese government? If China legalizes mining it would probably be a good punch to the US

It is good that Iran already joined the growing industry of cryptocurrency. It is a good start for our brothers in east asia to use the bitcoin as well as to mine cryptos. Iran is a resourceful country and its electricity can be dependent in its own natural resources like oil. Its not a problem anymore.

Thankfully you don't seem to understand that article, or how this "leak" could work to de-anonymize Monero and the like, which isn't what was being talked about. Tracking transactions is not an issue, it is identifying you to be somehow related to certain transaction, or address for that matter.

Since we were actually talking Bitcoin, transactions are already in the clear. You may think in your mind Tor is useless, but you are wrong, but it is because you fail to understand the technology. Perhaps you are the type they target, please citizen obey the law, thank you.

Point of Tor is hiding your IP, and therefore your geo-location at a given time. This works and is not broken. Your alleged NSA tool fulfills another role, which is AFTER they have confirmed an identity to be tied with an address/transaction. This may* be needed in those coins, but not Bitcoin which is already in the clear.

As for your other article, i won't even bother. Chinese are not supposed to be dealing with Bitcoin, use your imagination...

*Hilariously most Monero wallets don't anonymize the transactions in the first place...

In the end, if you know what you are doing, you are safe using Tor.

This is a big news. It only took a few weeks for Iran to take a u-turn regarding cryptocurrency mining in the country. I have just read recently that Iran authorities have made massive raids on crypto mining homes and then all of a sudden this positive turn of events. Somebody reliable and close to the authorities must have enlightened them about crypto mining and its potentials. The nuclear facilities of Iran must be enough to cater the energy needs of these miners.

Blockchain technology will surely come to main stream, no matter what except those that are selfish about themselves, I really wish every other country could gonin to this as the technology is still very young and has attain the level of billions in $ and soon we are aiming at trillion by next bull.

Apt....

I just wish the Chinese government will follow suit.

Damn, I hadn't heard of this before, I always regarded Bittrex as one of the fairly good exchanges.
Banning entire groups of people AND confiscating their funds is a huge red flag.

It's kinda sad that the entire nation is in effect punished by these sanctions, though that's kind of the point of sanctions in the first place...

For crypto miners in Iran, I think it is good news, because legalized mining makes freedom for anyone to do mining, and that will not be illegal. I think it's a good step for Iran

Will it change anything?

I guess the citizens of this country are already banned from trading cryptocurrencies on most exchanges (not even speaking about regulated exchanges in the US). Whether this ban is strictly followed is another question, though I don't think that Iran makes a big contribution to cryptocurrencies in the first place. And I'm not sure their hackers are as sophisticated and advanced as North Korea's to fight it back

Turns out it's just "regulating". It was never illegal to begin with, the government just want in on the action apparently.

The thing is, how would this really help Iran? I know there are sanctions but would they be easily be able to sell the mined coins for, say, foreign currencies?


Thanks for the link.

Most likely I have read this news previously although I can't remember right now. Obviously this is positive news for crypto-currency user especially who live on Iran. Who know perhaps more miner would move to Iran in order to mine crypto-currency. I think Iran took a great decision and it will make a strong crypto community. Probably electricity bill very cheap there.

I think that is a good start, by making legality for mining open the opportunity for bitcoin to be more able to enter and be known to the community. But if I think for now the probability of income and expenditure from mining bitcoin is very minimal, I am also one of the miners in my place.

Btc and crytpo in a whole is gaining more popularity and acceptance. Maybe it wasn't out rightly illegal at first and so to describe it as been legalised as the topic says might be grammatically not true, as suggested by another person. However, once it is regulated now and more or less legalised, it calls for joy since it is a step towards the acceptance we have all been waiting for

This is a big turn around, I just read an article not long ago that Iranian authorities are seizing ming farms and now they are legalizing it, the authorities have seen how I can help their economy, I hope they become a major player in mining top coins in the market, many more Arab countries will follow after this news, we have so many Muslim brothers that are into cryptocurrency.

This is redundant and i already talked about either here or in another thread. But you still don't get it and went elsewhere.

Tor is detectable, not the activity you are doing with it. Many people use Tor safely to defeat political censorship, but what do you know in your perfect place.

If crypto is outlawed, Tor doesn't necessarily is. If Tor is also outlawed, there are still ways to obfuscate it, but i'm not bothering discussing those with you.

You are the only one responsible for not committing crimes in your country.

IPv6... meh, as if i didn't knew that, but its not what i was talking about. Macaddy spoofing, comes by default in modern OSes, but again not relevant.

And yes, you are still wrong, because, you don't even get it, but most of it is just inaccurate to say the least. Don't make me laugh about tracking purchases, you obviously have no idea how it is in some places, i might have a nic here with YOUR ID as the previous owner FWIW...

Oh and your little ipv6 thing doesn't go thru tor. Stop spreading FUD, get a clue or get lost.

For sure,  that would say clearly that the network operation of bitcoin won't be stop as long as there are miners out their.
They can make it illegal but they can't stop the miners, and good thing there are countries who supports crypto.

Good news for me, because they openly support bitcoin mining. That is one step towards bitcoin legality in Iran. It's just a matter of time until bitcoin is truly legal in Iran.

This is such a good news for the crypto ecosystem but one thing about such news is that after talking much on it you need to show us the source of the information because not everything here is real .

Happy to heard that legalised or reguleted the mining in iran is pretty great news mining is one of the best source to get earn profits in crypto.



Yeah that is true iran and other country in middle is the best mining site location because the can use power generator using gasoline to supply electricity the reason is the gas product in that country is very cheap.

This will be for every country one day, because No country can resist technology and developments. Resisting and non-adapting countries are doomed to remain behind, while those that keep pace with developments are more determined to reach better days.

Countries that are not doing so well economically are the first to carry out some extreme plans. Great news from Iran but how long will they be able to keep it going when with embargos all around them? I hope they will remain defiant.

Some extremists were saying that bitcoin is against the rules of Islam :D Looks like it isn't anymore if Iran supports it.

Even if we know Iran is having an issue with regards to terrorism, I still adore them for passing this bill and for making mining legal for their people. I hope to have more peace on that country so people can mine without any hassle and for them to have the chance to go up as a great nation again.

Legalize of mining is a big news for the crypto community in the world and Iran people as the situation was different before regard the crypto in that region and the door is open for them to trade crypto now as a means of boosting the community.

bitcoin has always been legal in Iran it has just not been regulated. so was mining. in fact people in Iran have been mining bitcoin for many years, mostly in early years that the difficulty was low. as for regulation of bitcoin itself, it is going to happen in about 3 months.

I think the information that has gotten to you is not quite right. Bitcoin has been illegal in Iran. There was never a time when the Iranian government raised the green flag for Bitcoin. As a matter of fact, according to a cointelegraph news just this month, the government's central bank has warned that buying and selling Bitcoin is illegal in the country. (Source: https://cointelegraph.com/news/trading-bitcoin-is-illegal-in-iran-central-bank-official-warns)

However, 2 days later, it was reported that a disagreement among concerned Iranian officials regarding Bitcoin is apparent. While trading is indeed illegal, mining was treated with an open mind, with the country's supreme court itself excluding mining in its ban decision. (Source: https://finance.yahoo.com/news/iranian-authorities-disagree-whether-bitcoin-231507483.html)

But then again, we all know what happened after that. More than a thousand ASICS were confiscated in the various raids that were conducted.

And then, another turn around by Iran, legalizing mining all of a sudden.

What a ride! Every Iranian must have a dizzying yet fun ride with their government's final policy on Bitcoin and cryptocurrency.

Wow, this news makes me jealous because my own country has not given legal status to mine crypto currency. I think I want to move and live in Iran to be able to do mining freely and not violate the law. I think the Iran decision is based on other reasons which certainly consider that it turns out that mining is better permitted because it benefits and improves the economy of its people. I think in the future crypto currencies will develop well in Iran.

Well it's a great news to have Iran legalizing the mining of cryptocurrencies because China which is the home of most large mining farms is not really hospitable to the activities of cryptocurrencies. I just hope Iran can find other sources of energy to make the mining of cryptocurrencies less expensive as mining cryptocurernies consumes high amount of energy.

When has america not created regulations and enforcement under the guise of concerns over (insert bullshit here)
USA is a crazy place run by lunatics that think everyone is a terrorist. Paranoid bunch of pansy asses.

That is how Westerners view the negative side of other countries, but I like to conclude that everyone should have freedom of mining because there is already support from the government

Iran has legalised mining when crypto market is contracting and BTC/LTC block halving is coming up......a bit late to the party? Time to do this would have been in 2013-2014 when mining farms were springing up all over the world (mostly in china though...) .

Nothing wrong with the mining and this legalizing mining bitcoin is a good step towards adoptation in Iran country. However, the electric consume is the problem here. Anyway, I do hope those other countries will also think twice and exclude bitcoin mining banned. Iran government finally had a rigjt decision about this

there is , because mining is hazardous to the environment especialy if you will be using large space and large mining equipment  . this is why mining is strictly prohibited on some countries and some places   .

i dont think that mining can influence other to start joining cryptos because mining is not easy  but if they have legalize mining , they should also legalize cryptos  . small time users shall rather buy cryptos instead of mining to avoid hassel   .

Today more and more Iranians are starting to switch to cryptocurrency, specifically bitcoin. The Iranian government has completed a cryptocurrency mining legalized in the country after months of speculation that the opposition would categorize it as illegal. As expected, the price of Bitcoin has increased rapidly on all platforms in this country after this announcement. This only proves that there are positive comments about the industry having a direct value on cryptocurrency in the world. According to IBENA, local news agencies closely related to the Central Bank Ira, the Highest Cyberspace Council in the country are associated with an estimated cryptocurrency mining for economic purposes and each individual or companies that have the ability to be involved in this business can be done in this country. This is good news for not only crypto investors based in Iran but also the industry in general because this shows that most countries do not support this technology. In the past, some investors in that country accessed their accounts on several platforms that used Binance besides using Virtual Private Networks also called VPN.

Is it really?
I think it makes some ambiguous idea about this issue, Iran is just trying to regulate Bitcoin mining but not above it.
Whatever it is, Iran is one of the most competitive economic countries for the future, So If Iran would take this kind of step then would have an impact on the global system for sure. that's why this type of news also carry a good impact on making a decision for further investment on Bitcoin and Blockchain system. I would like to request that the news should be authentic and credible because it means a lot.

That's the most important thing, support and regulation so they will feel their investment are safe.
Building a mining rig is costly, so investors needs assurance that they will not be stop anytime so they can get their ROI in time with continues operation.

Maybe it's a bit too late because the other country was already getting so many btc and altcoin from mining. But that will not be a problem because they can start mining from now on and collect the rewards and hold for the right time to sell their bitcoin and altcoin. I think they can compete with China if they have a low fee of electricity so they can save the rewards.

Regulating Mining Farm, when you cannot trade is a big Joke!

Iran is going through the biggest economic crisis, the Inflation rate has already hit a record high. With so many sanctions, how on earth will they be able to buy mining equipment. Iran is not a manufacturing hub, it is an oil-producing nation. It has to procure equipment through trade, with a sanction in place it will be using the Black market to get those from china. This will again prove America was correct.

I do not understand why these countries move to cryptocurrency when they have an Economic Crisis? Why did they not think about regulation when they did not have any sanction?