Iranian authorities shut down huge illegal Bitcoin farm
Tens of thousands of ASICs mining Bitcoin were confiscated from a farm in south-east Iran Around 45,000 Bitcoin mining machines were confiscated by the Iranian police for using subsidised electricity illegally, according to a report published on Sunday by local media outlet Tasnim News Agency. The machines were mostly of the application specific integrated circuit (ASIC) type. On Saturday, Mohammad Hassan Motavalizadeh, the head of Tavanir, Iran’s state run electricity company, explained that Bitcoin miners had b … Read more
Alice Leetham

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