🔌 Cheap power is luring battered bitcoin miners to Iran

As the price of bitcoin ($BTC) remains low miners are increasingly looking towards Iran as an option for cheap power to run their operations. Electricity in the country can be obtained for as little as $0.006 per kilowatt-hour which is cheap even compared to options in China. Despite the appeal for foreign companies to set up shop in the country due to issues with importing hardware to the country and sanctions from the United States.