Dogecoin Price Slides Below $0.18 As Traders Cut Leverage And Meme Coin Momentum Fades
Tag: international
The post Iran’s Bitcoin Mining Industry: Inside the World’s Fifth-Largest Operaticom. With 95% of mining operations running illegally and consuming enough power to light up entire cities, Iran’s crypto boom is pushing an already fragile power grid to the breaking point. A Nation Turning to Digital Currency Iran’s cryptocurrency interest exploded after 2017 when international sanctions cut off access to global banking systems. Unable to use traditional finance, the country turned to Bitcoin and other digital currencies as a way around restrictions. Today, Iran controls about 4. 2% of global Bitcoin mining power, ranking fifth worldwide behind the United States, Kazakhstan, Russia, and Canada. This is a major drop from March 2021 when Iran held 7. 5% of the global hashrate, but it still represents significant operations. The appeal is simple: electricity in Iran costs between $0. 01 and $0. 05 per kilowatt-hour, making it incredibly cheap to mine Bitcoin. With costs as low as $1,300 to mine a single Bitcoin that can sell for over $100,000, the profit margins are enormous. Around 22% of Iran’s population now uses or owns cryptocurrency, with an estimated 10 million users in the country. For many Iranians facing severe inflation-the rial lost 37% of its value against the dollar in 2024 alone-crypto offers a way to protect savings from collapse. The Illegal Mining Problem Iranian officials report that approximately 427, 000 active crypto mining devices operate across the country. The shocking part? An estimated 95% are illegal, operating without proper authorization. These underground operations consume roughly 2, 000 megawatts of electricity-equal to what two nuclear reactors produce. Energy officials say crypto mining now accounts for 15-20% of Iran’s electricity shortage problems. The illegal miners hide their operations everywhere: abandoned homes, rural farms, underground tunnels, and even industrial facilities disguised as legitimate businesses. During one internet outage related to conflict with Israel, power consumption dropped by 2, 400 megawatts when over 900, 000.
On Thursday, Tesla shareholders will gather for the company’s annual meeting and will vote on Musk’s $1 trillion compensation package.
JERUSALEM (AP) Israel on Sunday announced that the remains of three hostages had been handed over from Gaza and would be examined by forensic experts, as.
Human health remains one of the greatest challenges in space exploration. When astronauts spend long periods in space, their bodies weaken dramatically-especially their muscles and bones. Now, scientists at ETH Zurich have taken a major step toward solving this problem by successfully 3D-printing human muscle tissue in zero gravity for the first time. Their work, [.] The post Scientists 3D-print muscle tissue in zero gravity appeared first on Knowridge Science Report.
Protests over Tanzania’s electoral results enter a third day
The progress marks quicker negotiations between the two countries after China’s crackdown on rare-earths exports, expert says.
Catherine Zeta-Jones’ daughter borrows her 20-year-old vintage dress for NYC gala
Liverpool suffered their sixth loss in the last seven games across all competitions on Wednesday, when they were knocked out of the fourth round of the EFL Cup by Crystal Palace.
Brinker International, Inc. 2026 Q1 – Results – Earnings Call Presentation