Iran electricity is so cheap that Bitcoin mining there is extremely profitable No surprise hashrate keeps moving in $1.3K to mine and $66K to sell Energy advantage is everything Iran is estimated to control 2–5% of Bitcoin hashrate Roughly 1 out of every 25 blocks Most people watching price, smart miners watching electricity
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THIS IS REALLY INSANE !!
Iran electricity is so cheap that Bitcoin mining there is extremely profitable
No surprise hashrate keeps moving in
$1.3K to mine and $66K to sell
Energy advantage is everything
Iran is estimated to control 2–5% of Bitcoin hashrate
Roughly 1 out of every 25 blocks
Most people watching price, smart miners watching electricity