Iran's Bitcoin Mining Power Plummets
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Irans Bitcoin mining power plummeted due to US-Israel tensions, dropping over 40% in Q2. Despite running 427,000 rigs, their hashrate was severely impacted. However, a two-week ceasefire led to minimal network disruption. The real blow came from Bitcoins price drop, causing a 5.8% dip in global hashrate. With mining rewards no longer covering rig costs, outdated gear was shut down, leaving 252 exahash per second offline. The US, Russia, and China maintain dominance, with shifts occurring as efficient machines replace old equipment. The mining landscape is now all about chasing profits until prices rebound.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/cd34062e67470d19