Rolling blackouts plague Iran, some suspect bitcoin mining may have a role in outages

Iran is facing power blackouts due to a combination of factors, including cryptocurrency mining, as bitcoin’s value surges. The country’s economy, hobbled by international sanctions and mismanagement, has led to a decrease in fuel reserves and increased demand on the power grid. The government has cracked down on unauthorized mining operations, offering rewards for reporting unlicensed bitcoin farms, as the public blames the surge in mining for the ongoing blackouts.

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