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Two Cryptocurrency Farms are Being Built in Dubai s Al Quoz Industrial District - Energy Industry Today

Two Cryptocurrency Farms are Being Built in Dubai s Al Quoz Industrial District - Energy Industry Today
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Iran blames Bitcoin for power crisis | News, Sports, Jobs

The Associated Press TEHRAN, Iran Iran’s capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. Traffic lights died. Offices went dark. Online classes stopped. With toxic smog blanketing Tehran skies and the country buckling under the pandemic and other mounting crises, social media has been rife with speculation. Soon, fingers pointed at an unlikely culprit: Bitcoin. Within days, as frustration spread among residents, the government launched a wide-ranging crackdown on Bitcoin processing centers, which require immense amounts of electricity to power their specialized computers and to keep them cool a burden on Iran’s power grid.

Iran, pressured by blackouts and pollution, targets Bitcoin

Iran, pressured by power blackouts and pollution, targets Bitcoin

Bitcoin both a lifeline and Iran s latest scapegoat |

Bitcoin both a lifeline and Iran’s latest scapegoat Anonymous online transactions made in cryptocurrencies allow Iranian individuals and companies to bypass banking sanctions that have crippled the economy. Friday 22/01/2021 A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in this illustration picture. (Reuters) TEHRAN - Iran’s capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. Traffic lights died. Offices went dark. Online classes stopped. With toxic smog blanketing Tehran’s skies and the country buckling under the pandemic and other mounting crises, social media has been rife with speculation. Soon, fingers pointed at an unlikely culprit: Bitcoin.

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