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Iran blames 1600 Bitcoin processing centres for massive blackouts in Tehran and other cities Naina Bhardwaj The Iranian government has blamed the mining of Bitcoin and other cryptocurrencies for the blackouts. Cryptocurrency has become a way to bypass US sanctions in Iran, The Times reported. Both legal and illegal cryptocurrency farms are being blamed for overloading the country s electricity grid. The Iranian government has blamed Bitcoin and other forms of cryptocurrency for power outages across the country that have left millions in darkness. Much of the capital, Tehran, and other large cities, including Mashhad, Tabriz, and Urmia, have experienced repeated blackouts. ....
Iran has one of the top ten highest cryptocurrency capacities in the world at 450MW per day, according to the Associated Press. Since former president Donald Trump re-imposed US sanctions on Iran, cryptocurrency became a way to bypass, causing Bitcoin s popularity to soar, The Times reported. This has led to thousands of illegal cryptocurrency farms springing up, some based in schools and mosques, Radio Liberty noted. It is also the result of Iran s cheap electricity, which costs 4 cents kWh compared to an average of 13 cents in the US, Al-Jazeera added. Now, the government blames cryptocurrency, particularly Bitcoin, for straining the electricity grid and causing blackouts across the country. Others say decades of mismanagement of the energy supply is to blame. ....
2 months ago Meshed’s nCounter solution provides insight into the economic and social impacts of COVID-19 on local communities CAMARILLO, Calif.–(BUSINESS WIRE)–Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Meshed Pty Ltd (Meshed IoT Integrators), Australia’s premier provider of Internet of Things (IoT) solutions for smart cities, environment, water, energy, agriculture, and asset management, has integrated the LoRaWAN® protocol into its nCounter people counting solution to provide accurate and anonymized people counting data for smart cities amid the COVID-19 pandemic. “Integrating the LoRaWAN protocol capabilities into our nCounter solutions allowed Meshed to significantly transform the management efficiency, range and effectiveness of the platform, as well as increase the safety of monitored cities,” said Andrew Ma ....