How Much Bitcoin Has Iran Mined? It’s Complicated

Iran is due to the emergency mining and trading crypto currency main global sanctions and a local currency that has reduced its value due to value strong inflation Since at least 2019, experts said Decipher It is still almost impossible to evaluate your stakes.

Cambridge University Alternative Finance Center It was estimated that in March 2021, the state consisted of 7.5% Bitcoin hashrat, which is a figure that only 0.12% fell in January 2022.

Through his history, Andrew Scott Easton, founder and CEO of Bitcoin Miner Fund OvercomingIt has been estimated that the country mined about 60,000 BTC – which would be worth $ 6.4 billion at current prices.

Meanwhile, Kent Halliburton, co -founder and executive director of a mining platform CIZEstimated since 2018, the country mined between 100,000 and 200,000 BTC. This could mean that his shares apply between $ 10.7 billion and $ 21.4 billion. Time is significant, as in 2019, Iran began issuing legal permits for crypto mining.

But Rajat ahlawat, researcher in a compliance company Crystal intelligencesaid Decipher This is too complex to evaluate. He said it was because the Iranian mining industry was mostly led underground in attempts to avoid high electricity prices.

A sector that is the easiest trace is that of the legally licensed crypto of mining farms. 20000., approximately According to 1,000 licenses for the crypto of mining farms, according to National Council of Iran’s Resistance– A coalition that opposes the current government in Iran. The same source said that in 2022, more than 10,000 licenses were divided into miners and exchange.

However, Former President Hassan Rouhani I said that about 85% of mocking in Iran was unlicensed since 2021. Iranian State COMPANY FOR ELECTRICAL ENERGY, TAVANIIR, estimated Those about 700,000 illegal mineral devices worked in Iran earlier this year.

This is because the licensed mining farm is often struggling to switch considerable profits, says Ahlawat, due to high tariffs and the price of electricity imposed on them.

“Let’s say the iron and steel industry – use a lot of electricity to melt and things – but the tariffs that the iron and steel industry of the salary are lower than what [crypto] Miners pay, “Ahlawat said Decipherexplaining why so many mining goes underground.

When new Bitcoin It is mined, there is no trace at the place where the miner was located. This means that it is impossible to know where he came from, which allows for Iranian citizens and the government to avoid international sanctions.

As a result, the Condition of Crypto License for Mining is that each minced bitcoin must be Sold directly to the Iranian central bankso the government may benefit from avoiding sanctions. However, this means that individual miners and groups lose in this benefit of Bitcoin mining.

As such, a lot of mining in Iran comes from individuals and internal institutions, such as schools and mosqueswho have access to free or very subsidized electricity, Ahlawat explained. This does not mention the organizations associated with the Government who mini -bitchin and also benefit from reduced electricity fees.

These illegal operations put an Iranian electrical network under huge pressure, causing Sometimes currents of electricity throughout the countryat the same time skipping potential profits from electricity provider. It became such a big question that Tavanir started Offering rich to those who reported the illegal crypto farm.

Because of the crypto of mining thirst for electricity And reports from local media, Ahlawat believes that most Iranian agriculture could be found in its larger cities. For example, in 2022 discovered and seized 9.404 Illegal Cryptative Mining Devices in Tehran for six months.

On Sunday, United States Bombarded Iran Nuclear Place Fordowwhich is buried deep in the mountain. From the day before the strike until Tuesday, according to BinfochartsBitcoin hashrate dropped 27.9%. That led to a Post on x Next virus with speculation that Iran’s mining of bitcoin in the mountains.

Ahlawat believes that a nuclear facility would have an electric farm management infrastructure, but added that there is no special evidence that suggests that there is a mining farm especially in Fordow. In the meantime, a mining company Blocksbridge consulting pushed back into the theory of ua bulletinclaiming that the industry should not look too carefully at the short -term hashrat numbers because of how unstable as the daily metric (boss Galaxy Research Alex Thorn said almost the same on x).

Although Ahlawat said if the nuclear object should be the mining of bitcoin, it would be in the hands of the Iranian government or one of his hands.

A Islamic Revolutionary CorpsAka IRGC, it is believed to be a great player in Iran’s cryptic mining, Easton and Ahlawat said. IRGC is a powerful branch of the Iranian armed forces, created after the Iranian Revolution in 1979. Easton believes that IRGC is probably the biggest Rudar Bitcoin in Iran, quoting an article National Council of Iran resistance.

“Again, we don’t have the exact numbers,” Ahlawat added. “Since the government is involved, Iran has an excellent history of hiding things, so every mining that has been made by the Government is all hidden. Because of that, we have no insight into it.”

Simply put, we don’t know for sure how much Bitcoin mined that Iran. This is because 85% of the industry was assessed underground as a way to avoid high electricity accounts and the desire to hold their cryptocurrencies.

It is easy to judge the Iranian mining industry, but there is a large part of the Iranian civilian population, which is only a mining of cryptocurrencies as a way to earn some money and avoid the hyperinflation of the nation. Decipher One account was found on social networks selling sound -insulated miners at home, with 166,000 followers—0.18% of the entire Iranian population.

Iranian general public is so much in cryptocurrencies last year, Iranian officials warned against playing telegrams touch game Hamster combat. Admiral Habibollah Sayyari, Deputy Chief of Iranian Army, said it was a distraction that the “enemy” created to distract from the policy of the nation and called it part of the Western “Soft War” to Iran.

Despite the warning, citizens used the Cliker game that promised Airdrop Krypto Token to advance in the game. The game attracted over 300 million playersEveryone hopes to get rich from the Telegram Mini application. However, many players complained that they once received tokens, claiming they had nothing but “powder“Because of its low value.

Hmstr It is now reduced by 90% compared to all maximum, which arrived shortly after the launch. That any Iranians were holding their Hmsstrke tokens, hoping to avoid the Iranian inflation rate of about 38%, they failed.

Edited Stacy Elliott