“Most of the mining giants in China, or miner makers, do not dare to host their machines in Iran. This is the general situation. As attractive as the electricity over there might be, only miners at an individual or much smaller scale are shifting to Iran." https://t.co/kUmWFtwqXe
Damn, that's some cheap electricity. Why doesn't everyone in Iran drive an electric vehicle? I mean, I get that gasoline is cheap there, but at $0.006/kWh, a Tesla Model 3 would cost only about $0.46 to drive 310 miles. At Iran's national average gasoline price of $1.10/gal, driving 310 miles in even an efficient gasoline-hybrid vehicle getting 50 miles per gallon would cost $6.82.
I don't think it would. If it costs $42.28 for the petrol to drive 310 miles, you're looking at a saving of $41.82. The average American drives 37 miles per day, so let's take that as our assumption and say we're going to save $5 per day. It would take you 9,800 days to recuperate the $49,000 for the long-range vehicle, which means you'd have to drive this thing for *27 years* before you earned your money back. That's not even considering insurance etc.
EDIT: I realise I misread. It costs $6.82 for the petrol to drive 310 miles. That's even worse: you're saving about 80 cents a day, which means it would actually take you 168 years to earn your money back in the savings.
But let's get real. Iran government sucks but that's a sad result of western governments directly interfering back since WW1 times. So you can understand why it's so defensive, especially considering how their neighbor got knocked over recently and destabilized, and also how the West is also closely allied with their number 1 arch enemy in the region Saudi Arabia. (Who are the real assholes that blew up the World Trade Center).
But let's not put that on the people of Iran who are stuck in the middle of these ridiculous power games, and ironically are very friendly towards the West and natural allies if anyone would ever wake the f up and realize it.
However, anyone from the West considering moving to Iran to setup shop, is a pretty terrible idea.
The West is not going to like you setting up anything involving freakin cryptography
The Iranian government is going to feel free to use you as a pawn against your own government and seize your assets at any time
Really if you're from some place like Russia, China, or some neutral country, this could work but pretty dumb idea for anyone else !
Of course, instead of building actual enduring industry countries should cater to fly-by-night conman wasting energy who will incidentally leave you with unpaid bills next time their shitcoin du jour tanks.
Iran does a lot of gas flaring due to oil exploration, because there is no other use for it (transportation and/or storage would be too expensive). Natural gas is a by-product and is just burned on site. If that is used to power Bitcoin miners, the environmental impact is zero.
BTW, worldwide gas flaring wastes about 30 times the energy compared to Bitcoin mining.
8:39 - And fight them until there is no more Fitnah (disbelief and polytheism).
9:1-11 : Four-months reprieve, and, honour those who keep perfectly to accords you have made with them, and respect those who pay the subjugation tax and convert, but otherwise, "then kill the polytheists wherever you find them and capture them and besiege them and sit in wait for them at every place of ambush".
9:29 "Fight those who do not believe in Allah or in the Last Day and who do not consider unlawful what Allah and His Messenger have made unlawful and who do not adopt the religion of truth from those who were given the Scripture - [fight] until they give the jizyah willingly while they are humbled." - Saheeh International translation.
9:38-42,9:80-91 - "Go forth in the cause of Allah" ; prefer the gains of the afterlife to fear of death in this life. Else God will punish you. The verses are talking of those who did not join war parties to attack non-believing tribal neighbours.
9:91 - the sick and the disabled need not fight as long as they are submitted to God.
9:123 - "fight those of the unbelievers who are near to you".
9:19-20, 57:10, 61:11 - Those who go and fight for Allah are greater and more worthy than those who delay it, and those who merely support the effort.
Sura 47: The purpose of the whole Sura is to call Muslims to physically fight for God, and accuse those who deny that this is their call, or refuse to fight, or disbelieve that they have to, are cowardly disbelievers who God will curse. For example:
47:20-23: Those who are godly, obedient and good, will fight for Allah. Others are cowardly disbelievers that God curses.
47:25 - Satan entices those who once believed, but take dislike to certain parts of the Qur'an (i.e., the verses saying to fight).
48:29 - "Those who follow [Muhammad] are ruthless to the unbelievers but merciful to one another".
Quit the bullshit. You aren't fooling anyone.
Babylonians used mathematics way before arabs. Egyptians 30 000 years before arabs.
Islam conquered arabs and made them stall and stop every innovation for 1300 years. All the innovations in the last 1500 years came from westerners.
Islam is cancer. Arabs should get free of it already and join us. Religion has no place in government. Separation of church and state is the only way for a modern society.
Remember the dark ages at us, westerners. We got free of it thanks to separation of church and state. Arabs never got it. Enlightenment.
If you say so mate. Even your enlightenment was due to arab philosphers.
Even the numeral system you use is called arabic numerals because the well traveled arabs brought it to you.
Oh and iran is not arab btw. like i said look up the etymology of the word algorithm.
Ha? Arabs did not do anything in 1600. What are u talking about? Islam conquered most arabs in 700 and music, mathematics, science was forbidden.
Muslim hordes attacked europe for 1000 years.
Arabs had nothing to do with the enlightenment, muslims are still against separation of church and state, that s why they are lead by their religious leaders in the state and have sharia as state law.
U just harm arabs by siding with islam and their countries being led by religious oppressors.
True Arabs should get rid of Islam, as should every nation get rid of every religion, but to discount the contribution of a civilization makes no sense and serves no purpose. Counter these facts if you can:
1- We still use Arabic numerals.
2- Half of the stars that are named have Arabic names.
3- Algorithm was discovered by a Muslim.
4- Algebra was discovered by an Arab.
5- Arabs discover the 0.
There's more but I'll stop here.
You're entitled to your opinions but...
Islam started as a violent radical movement but at some point Arabs/Muslims got too rich and too cultured (as a result of contact with other civilizations) that they enjoyed reading more than fighting. Sadly that lasted for only 300 years.
No one is discounting anything, but to defend their government today means to encourage their people s enslavement by their religious zealots who held them back for 1000 years and are holding them back today.
All the stuff you wrote happend BEFORE ISLAM enslaved the arabs.
Incorrect. It happened between 800-1100, about 150 years after Islam enslaved Arabs and others. Anyways, let's remember that this is r/Bitcoin and end this unproductive discussion about history and politics.
Maybe you should do your research. Reddit has been infiltrated by pro-iran influence for quite awhile now. The most recent Reddit security post was about how they caught and banned a bunch of them but think there's WAY more still flying under the radar. Reddit rarely announces their vulnerabilities like that so the fact they came to the community for help shows the issue got so out of control they needed extra help bringing all the accounts to their attention
And funny enough, most of the accounts they did catch posted heavily to /r/politics
Well if you read the Quran and do a simple subtraction problem ~ quaran written in 609 ad and the discovery of the americas in 1492 you'll get an 883 year difference before the west was even a thing and the quaran talks about world conquest through all kinds of deception and violence. Im sure i wont change your mind though. Propoganda is too dificult to battle with logic.
I don’t not a story book to separate right from wrong. What I’m implying is that the problems all have a source and that were all guilty for the circumstances today.
Your retarded comments do not help with fixing the issue, it separates us further.
You've not ever read the book, have you?
Deut. chapters 13 and 17 are easy passages to point to for biblical claims of "kill the infidel." It stops being talk in Numbers 31 where the Israelites are told to kill Midianites for allegedly tempting them with the worship of other gods.
This is but a specific example for killing infidels. "Crimes" the bible also demands the death penalty for include being a victim of rape, gay sex, and adultery among other ridiculous offenses. Sit down and have a read.
“Kill them [unbelievers] wherever you find them… And fight them until there is no more unbelief and worship is for Allah alone” (Quran 2:191-193).
“Strike off their heads and strike from them every fingertip” (Quran 8:12).
“Allah has purchased from the believers their lives and their properties; in exchange for that they will have Paradise. They fight in the cause of Allah, so they slay and are slain” (Quran 9:111).
“Truly Allah loves those who fight in His cause in battle array…” (Quran 61:4)
“The Messenger of Allah said: I have been commanded to fight against people till they testify that there is no god but Allah, and that Muhammad is the messenger of Allah” (Sahih Muslim 1:33)
Tanwîr al-Miqbâs min Tafsîr Ibn ‘Abbâs: (5:32) (For that) because Cain wrongfully killed Abel (cause We decreed for the Children of Israel) in the Torah (that whosoever killeth a human being for other than man slaughter) i.e. premeditatedly (or corruption in the earth) or because of idolatry, (it shall be as if be had killed all mankind) Hell will be decreed for him for premeditatedly and wrongfully killing a human being, as though he killed all mankind, (and whoso saveth the life of one) whoever abstains from killing a person, (it shall be as if he had saved the life of all mankind) Paradise will be decreed for him for sparing one soul, as though he spared the lives of all mankind.
Iran has vast natural gas resources and thus the electricity cost can be as low as 0.04 yuan [$0.006] per kilowatt-hour.
Why waste your country's natural gas for crypto ???
Much better things you can be doing with that cheap power. Attract / build industries that require cheap power and actually employ people and produce something useful ? Electric vehicles ? Sell it to neighboring countries so they don't need to build coal, nuclear power stations ?
What happens when the natural gas runs out ? What happens when the crypto miners flood in and drive the power up for everyone else ?
>Nima Dehqan, a blockchain researcher at a Tehran-based crypto startup Areatak, told CoinDesk that the firm has been meeting with foreign investors that are looking to attempt just that by mining in Iran.
>“We have had investors visiting our farms from Spain, Ukraine, Armenia, France,” he said.
There are sanctions in place against foreign investors pumping money into Iran.
Bitcoin mining is, in effect, a kind of energy arbitrage. Miners make their money when the cost of producing coins – currently 12.5 bitcoins per transaction block, plus any fees they’ve accrued – is lower than the operation of the mine itself, including electricity
It has been a while since I've read anything so obviously wrong
Wolfie Zhao knows nothing about Bitcoin
Aside from this stupidity, the whole idea of mining Bitcoin in Iran is ludicrous
Start with Iran itself, one of the most tyrannical regimes in the world. Even worse, it is a theocracy
Mine a few bitcoins, some insignificant priest declares a fatwah on Bitcoin, say good-bye to your bitcoins, your miners, and your freedom
There are sanctions by some western countries against Iran. The CFO of Huawei was recently arrested in Canada, at the request of the USA who want to extradite her for Huawei allegedly breaking sanctions against Iran, faces 20 years in a USA prison
The sanctions are because of fear and the US trying to curb growth of other super powers .
The US have no respect for any other country all they want is the Power over all.
Iran and China help country’s to develop not blow them up if they disagree with a deal , why do the US want change in Iran’s leadership? Because they have 60% of the worlds oil!!!
Think about it
Oh wow. I like this universe you're creating.
Let's collaborate on this one..
That country has such a perfect enforcement of their laws that just by declaring "**fatwah**" automatically... every man, woman and child in Iran would follow *every* s*i*n*g*l*e* la*w* without question and **absolutely** not pay off local officials to look the other way while mining operations continue?
If our orange president just declared *~~falafel~~* fatwah on brown people he wouldn't have to put up a wall, but unfortunately stable genius doesn't know magical incantations.
The only magical incantation DJT knows is **Riddikulus** sanktion leviosa, by why sanctions are imposed on a country and once this happens, life in that country will cease to be worth living.
No more SWIFT banking, no more Coca Cola, no more NFL sundays and more importantly no btc can now move in and out of the country. The spell is super effective!
As with all tyrannies, China and USA included, enforcement is selective, and conducted for the PR value
So, if I was a rich man in Iran, able to pay the right bribes, and able to import some new Antminers, and mine on 1 cent electricity, it would be a great way to export my wealth from Iran
This is happening everywhere. Any country that "bans" crypto is in essence just promoting mining operations to bribe local officials. Local officials make peanuts in these countries, and they will take the money and look the other way.
All of btc's incentives are right.
Dear Customer although we keep over 99.5% of users' BTC deposits in secure multisig wallets, the small remaining amount in coins in our hot wallet are theoretically vulnerable to attack. We believe that our hot wallet keys might have been compromised and ask that all of our customer cease depositing cryptocurrency to old deposits addresses. We are in the process of creating a new hot wallet and will advise within the next few hours. Although this incident is unfortunate, its scale is small and will be fully absorbed by the company. Thanks a lot for your patience and comprehension. Buttfinex Team