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Author Topic: Mining In Iran  (Read 249 times)
stompix
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November 07, 2023, 05:11:16 PM
 #21

Mining of some altcoins can be done using graphics cards and therefore it is impossible to be tracked by electricity consumption.
If we take the Antminer S19 as an example, the electricity consumption is 3250W. some home appliances such as the cooktop and central AC system need between 3000-4000 W. Therefore, if you are in a large apartment, you will consume this amount of electricity.

And do you run your AC or your overn 24/7?

An S19 running at 3250W would burn 78 kwh a day,  28,470 kwh a month.
Average household consumption is 11156 for the US, 4169 for Spain , 2307 in Iran, and only 1108 in India.
What do you plan on blaming for nearly 20x more than the average electricity consumption?

It's child-play to track, look at your electricity bill and tell me for how many hours could you have run a S19 on the amount of kwh burned during month?


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Kavelj22 (OP)
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November 07, 2023, 06:00:19 PM
 #22

Just because the Kurds can practice mining in Syria or Iraq does not mean that they should be allowed to do so in Iran as well. Iran does not intend to legalize the field for fear that the use of cryptocurrencies will become widespread and the results will be difficult to quantify. When crypto is legalized, its uses will not be limited to mining only and will facilitate its use in all other fields, including anti-state activities.
As a resident of this region, I can say that mining in Iraq and Syria is not possible due to the nature of the region raging with wars and the destruction of infrastructure, especially the electricity network, which is the most important element in the mining process.

As for the Kurds in northern and eastern Syria, they do not have the ability to supply the areas under their control with sufficient electricity or even water. They are also constantly exposed to bombing and harassment from the Turkish government, which does not want them near its lands. So practically mining there is almost impossible.

I am not sure that the Kurds have the capabilities to engage in mining in the areas where they live in that region, and the idea was only likely to be correct. But according to the same reasoning, I thought that the Kurds in northern Iraq had better living conditions, especially since they live under autonomous rule far from the central government in Baghdad, and they have great resources in the Tikrit region to produce energy sufficient for them to do everything they want. I would not be surprised if one day I discovered that they use it for mining. I don't have accurate data and this is just an assumption.

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November 08, 2023, 03:35:55 AM
Merited by Kavelj22 (1)
 #23

I am not sure that the Kurds have the capabilities to engage in mining in the areas where they live in that region, and the idea was only likely to be correct. But according to the same reasoning, I thought that the Kurds in northern Iraq had better living conditions, especially since they live under autonomous rule far from the central government in Baghdad, and they have great resources in the Tikrit region to produce energy sufficient for them to do everything they want. I would not be surprised if one day I discovered that they use it for mining. I don't have accurate data and this is just an assumption.
Things are not as they seem to you. Yes, after the Kurds gained independent self-rule after the invasion of Iraq, they lived a golden period and enjoyed a good life for a few years, but the situation changed and began to deteriorate.

There have been major disagreements between Kurdish political parties recently, including over how to share internal revenues from border crossings and taxes, how to manage the oil and gas industry, relations with Baghdad and so on. All this led to the deterioration of the economy and the desire of young people to emigrate outside the country.

Look at this for example:
Quote
particularly as Iraqi Kurdistan experiences a prolonged financial crisis. Since 2014, the region has borne the brunt of extreme fluctuations in oil prices, budget disputes with Iraq’s federal government, the war against Islamic State, and the COVID-19 pandemic. Last year, authorities in Sulaymaniyah had difficulty paying public sector salaries, leaving angry government employees lining up outside distribution centers for cash. Several pensioners died waiting in line to collect benefit payments.
https://foreignpolicy.com/2023/03/22/iraq-kurdistan-region-democracy-war-invasion-united-states/

So I don't think the current conditions there are suitable for working in mining.

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November 09, 2023, 01:28:38 AM
 #24

Crypto mining and its challenges

Although Iran has momentarily refrained from legally or officially adopting cryptocurrency and issuing a digital coin like El Salvador and the CAR, it has increasingly supported the industry, albeit in a controlled manner, as a potential revenue source and sanctions-busting apparatus. In August 2019, Iran issued a regulation that recognized crypto mining as a legal economic sector and became the first country to use cryptocurrency as reserves to pay for imports and exports. Based on estimates from the blockchain analytics firm Elliptic, mining in Iran has allowed it to access hundreds of millions of dollars per year to buy imports of authorized goods and bypass sanctions on payments through Iranian financial institutions. Beyond Iran’s government, its citizens have utilized cryptocurrency with greater frequency to earn money and move it out of the country. - https://www.mei.edu/publications/iran-and-cryptocurrency-opportunities-and-obstacles-regime

I also found old article that mining in iran is okay as long the government get the slices

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