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[SCAMEXPOSER]

Iran government will have nothing to loose as their decision to support mining activities is paving way to their revenue generation. Data from Elliptic a Blockchain Analytics company claims Iran could net up to $1 billion in annual Bitcoin mining revenue.

Cryptocurrency mining farms use up to 600 megawatts of electricity. Iranian Government now allows payment of imports with mined coins, Iran have also set out a task force to monitor the use of electricity in mining crypto.

This is a good upgrade for the country inspite their bias against the industry.

 

[Wisdom01]

The country is really on a positive direction to get more revenue,all i hope is that the revenue been generated at the end would be used effectively to improve the company welfare and security

 

[SCAMEXPOSER]

They will have no choice to make use of the money for developmental projects especially on improving on electiricy and the environment to reduce the impact.

 

[faribakhazaei]

Iran government will have nothing to loose as their decision to support mining activities is paving way to their revenue generation. Data from Elliptic a Blockchain Analytics company claims Iran could net up to $1 billion in annual Bitcoin mining revenue.

Cryptocurrency mining farms use up to 600 megawatts of electricity. Iranian Government now allows payment of imports with mined coins, Iran have also set out a task force to monitor the use of electricity in mining crypto.

This is a good upgrade for the country inspite their bias against the industry.

Hey dear, i know that lately our government made free the prohibition of cryptocurrencies, but also set a heavy tax for the miners which is costly and many implemented a kind of unlegit method for taking their needed electricity and also conceal their mining from the government, which if get revealed their mining system will be seized and they would be charged a high amount money as well... so this process is just good for the government itself sadly

 

[LutherKing]

Yes it was always going to be like this due to us pressure otherwise but still good to show courage appreciate that for you guys and have good time ahead

 

[Brain]

This is becoming confusing. Are they for the ban or not. Because I'm not understanding.just read a thread about a ban now here it is the revenue. Oh well whatever works for them

 

[Niftyicon]

Hey dear, i know that lately our government made free the prohibition of cryptocurrencies, but also set a heavy tax for the miners which is costly and many implemented a kind of unlegit method for taking their needed electricity and also conceal their mining from the government, which if get revealed their mining system will be seized and they would be charged a high amount money as well... so this process is just good for the government itself sadly

The other time that the news broke that Iran was supporting crypto mining, I knew that at the end, the government would be the one making and taking the profits. It is a sad situation but can't be helped for now.

 

[fiery phoenix]

Mined crypto to pay for imports will be one of the best benefits that crypto mining can help a country on.Other governments skeptical on bitcoin mining should also be considering these benefits that comes with mining crypto not only considering the negative side of environment

 

[Wisdom01]

Mined crypto to pay for imports will be one of the best benefits that crypto mining can help a country on.Other governments skeptical on bitcoin mining should also be considering these benefits that comes with mining crypto not only considering the negative side of environment

I actually dont know why those government are skeptical about mining ,I wish they know the importance attached to Bitcoin mining , they would push more for the development of it ,the revenue some government gains yearly from mining ,is already enough to build and develop social amenities

 

[fiery phoenix]

I actually dont know why those government are skeptical about mining ,I wish they know the importance attached to Bitcoin mining , they would push more for the development of it ,the revenue some government gains yearly from mining ,is already enough to build and develop social amenities

The existence of illegal mining plants and farms that are being discovered is making many governments hate crypto mining.It is increasing the crime rate in countries.Crypto mining is also causing blackouts due in certain countries due to high electricity usage.Some miners know if they apply for mining licenses they will be refused because some countries dont have enough electricity.Many illegal crypto miners want to escape taxes that it comes with.If all these issues are discussed and made right,crypto mining will be very welcome in any nation

 

[MayorKayz]

At first many countries were against the use of cryptocurrency as some were afraid that it might affect there country currency.
But nowadays some countries are not using cryptocurrency to there own advantages and they are now profiting from it. As Iran is earning so as El Salvador economy has also risen.

 

[achawaskey]

This is what we are talking about, there is a huge potential in bitcoin mining, the earlier most countries see it and tap into it the better for them. Look at the projected revenue Iran will receive annually by simply allowing bitcoin mining. I huge world leaders to seek cryptocurrency education in order implement what they learn in there various countries.

 

[fiery phoenix]

Bitcoin has a lot of benefits and Iran has discovered this sooner,but on the other hand Iran are proposing a bill for banning payments in cryptocurrencies to pave way for their national crypto which is the only crypto that is going to be allowed for payments in the country provided the bill is accepted.So it seems Iran are mainly focused on revenue creation rather than the advancement of the entire crypto space

 

[Ben Kempton]

The country is really on a positive direction to get more revenue,all i hope is that the revenue been generated at the end would be used effectively to improve the company welfare and security

I guess that Bitcoin could really help Iran, especially in the current times. Iran is a country that has been sanctioned a lot by countries like the United States. Many credit card companies like Visa card company does not operate in Iran. Moreover, there is no outlet of McDonald's in Iran due to such kind of sanctions, I guess. During such time, Bitcoin could really help Iran, just like it is helping other countries.

 

[fiery phoenix]

I guess that Bitcoin could really help Iran, especially in the current times. Iran is a country that has been sanctioned a lot by countries like the United States. Many credit card companies like Visa card company does not operate in Iran. Moreover, there is no outlet of McDonald's in Iran due to such kind of sanctions, I guess. During such time, Bitcoin could really help Iran, just like it is helping other countries.

Bitcoin adoption is like a movement by people to free themselves from sanctions imposed on them.With crypto adoption sanctions policy by the big players like the US and the EU is reduced to dust and Iran,El Salvador and countries like Cuba are grabbing this opportunity to reduce sanctions impact.

 

[Wisdom01]

I guess that Bitcoin could really help Iran, especially in the current times. Iran is a country that has been sanctioned a lot by countries like the United States. Many credit card companies like Visa card company does not operate in Iran. Moreover, there is no outlet of McDonald's in Iran due to such kind of sanctions, I guess. During such time, Bitcoin could really help Iran, just like it is helping other countries.

yeah I have read about the history and why Iran was sanctioned from operating ,yeah since there is huge sanction placed ,I think the government would actually nneed to enable more development of cryptocurrency ,so that they won't be badly affected because if the sanction

 

[BullyMaguire]

I think iran is one of the countries that opened their arms for chinese miners when the banned of crypto currency happened in china? Not sure but i think i read that somewhere and anyway it shows positive effect in their revenue.. billions worth because of mining.

 

[Ben Kempton]

yeah I have read about the history and why Iran was sanctioned from operating ,yeah since there is huge sanction placed ,I think the government would actually nneed to enable more development of cryptocurrency ,so that they won't be badly affected because if the sanction

The bad effects of sanctions imposed by the United States have also made many countries to opt for cryptocurrencies. For example, the United States have also imposed many sanctions on Venezuela and the government has actually forbidden its citizens to deal in cryptocurrencies through exchanges or any individual organisation in Venezuela.

 

[Wisdom01]

The bad effects of sanctions imposed by the United States have also made many countries to opt for cryptocurrencies. For example, the United States have also imposed many sanctions on Venezuela and the government has actually forbidden its citizens to deal in cryptocurrencies through exchanges or any individual organisation in Venezuela.

I think Russia is also part of the sanctioned nation ,and I think since there have been sanction , Russia have not been so strict on cryptocurrency like before again ,many sanctioned countries have no other other alternatives they have to just place interest in crypto currency like that , despite the ongoing sanction that's the thing there

 

[fiery phoenix]

The Venezuela issue is new to me,but I think if Venezuela studies sanctioned countries it will see how they are able to resist sanctions effects by engaging into crypto.They can look at their closest Cuba who are doing the same,so crypto is really changing the game.Increasing use cases of crypto will see more payments success and a better world without clinging to a fiat currency but they would really need to adopt a less volatile crypto which is still very small