Well, that span of banning mining activities could certainly affect the market price but that was not what I worried about, I care about the financial support that these miners might be in trouble. I mean, where they could get their daily necessities if that be going to happen, I hope they could back up more but during this covid-19 time, it was pretty challenging. And might be you're right, they will sell their mining equipment before they will resume their operation.
Your opinion is correct, miners will dump their crypto holdings to maintain warehousing, staffing and other costs. The market can freeze for a short time. I trust they will pass soon as they have been mining Bitcoin for a long time so they will be fine.
Most of the miners are going to sell their mining equipment and quit. Because if they can't mine Bitcoin for three months, then they can't sustain the operations. It becomes financially unviable. And also, there is no guarantee that such bans won't be imposed again in the future. But there will be a small section of the miners, who will continue with their business despite the ban. And it is this group which worries me the most. If they are caught, then you know the harsh punishments they may receive under the Iranian law.
