Regulating Mining Farm, when you cannot trade is a big Joke!
Iran is going through the biggest economic crisis, the Inflation rate has already hit a record high. With so many sanctions, how on earth will they be able to buy mining equipment. Iran is not a manufacturing hub, it is an oil-producing nation. It has to procure equipment through trade, with a sanction in place it will be using the Black market to get those from china. This will again prove America was correct.
I do not understand why these countries move to cryptocurrency when they have an Economic Crisis? Why did they not think about regulation when they did not have any sanction?
Topic: Iran legalizes mining (Read 913 times)
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Iran has legalised mining when crypto market is contracting and BTC/LTC block halving is coming up......a bit late to the party? Time to do this would have been in 2013-2014 when mining farms were springing up all over the world (mostly in china though...) .
Maybe it's a bit too late because the other country was already getting so many btc and altcoin from mining. But that will not be a problem because they can start mining from now on and collect the rewards and hold for the right time to sell their bitcoin and altcoin. I think they can compete with China if they have a low fee of electricity so they can save the rewards.
That is how Westerners view the negative side of other countries, but I like to conclude that everyone should have freedom of mining because there is already support from the government
That's the most important thing, support and regulation so they will feel their investment are safe. Building a mining rig is costly, so investors needs assurance that they will not be stop anytime so they can get their ROI in time with continues operation.
Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm
What is your opinion about that?
Is it really?What is your opinion about that?
I think it makes some ambiguous idea about this issue, Iran is just trying to regulate Bitcoin mining but not above it.
Whatever it is, Iran is one of the most competitive economic countries for the future, So If Iran would take this kind of step then would have an impact on the global system for sure. that's why this type of news also carry a good impact on making a decision for further investment on Bitcoin and Blockchain system. I would like to request that the news should be authentic and credible because it means a lot.
Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm
What is your opinion about that?
What is your opinion about that?
Today more and more Iranians are starting to switch to cryptocurrency, specifically bitcoin. The Iranian government has completed a cryptocurrency mining legalized in the country after months of speculation that the opposition would categorize it as illegal. As expected, the price of Bitcoin has increased rapidly on all platforms in this country after this announcement. This only proves that there are positive comments about the industry having a direct value on cryptocurrency in the world. According to IBENA, local news agencies closely related to the Central Bank Ira, the Highest Cyberspace Council in the country are associated with an estimated cryptocurrency mining for economic purposes and each individual or companies that have the ability to be involved in this business can be done in this country. This is good news for not only crypto investors based in Iran but also the industry in general because this shows that most countries do not support this technology. In the past, some investors in that country accessed their accounts on several platforms that used Binance besides using Virtual Private Networks also called VPN.
Nothing wrong with the mining
there is , because mining is hazardous to the environment especialy if you will be using large space and large mining equipment . this is why mining is strictly prohibited on some countries and some places .and this legalizing mining bitcoin is a good step towards adoptation in Iran country.
i dont think that mining can influence other to start joining cryptos because mining is not easy but if they have legalize mining , they should also legalize cryptos . small time users shall rather buy cryptos instead of mining to avoid hassel .
Nothing wrong with the mining and this legalizing mining bitcoin is a good step towards adoptation in Iran country. However, the electric consume is the problem here. Anyway, I do hope those other countries will also think twice and exclude bitcoin mining banned. Iran government finally had a rigjt decision about this
Iran has legalised mining when crypto market is contracting and BTC/LTC block halving is coming up......a bit late to the party? Time to do this would have been in 2013-2014 when mining farms were springing up all over the world (mostly in china though...) .
That is how Westerners view the negative side of other countries, but I like to conclude that everyone should have freedom of mining because there is already support from the government
Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm
What is your opinion about that?
What is your opinion about that?
You should include a link next time: Iran Legalizes Crypto Mining
I imagine the US government will take this as cause to further clamp down on exchanges and other Bitcoin services. They'll push for stricter regulations and enforcement under the guise of concerns over sanctions. This is what a US official said a few days ago:
Quote
"As Iran becomes increasingly isolated and desperate for access to U.S. dollars, it is vital that virtual currency exchanges, peer-to-peer exchangers and other providers of digital currency services harden their networks against these illicit schemes," said Sigal Mandelker, Treasury's undersecretary for terrorism and financial intelligence.
When has america not created regulations and enforcement under the guise of concerns over (insert bullshit here)
USA is a crazy place run by lunatics that think everyone is a terrorist. Paranoid bunch of pansy asses.
Well it's a great news to have Iran legalizing the mining of cryptocurrencies because China which is the home of most large mining farms is not really hospitable to the activities of cryptocurrencies. I just hope Iran can find other sources of energy to make the mining of cryptocurrencies less expensive as mining cryptocurernies consumes high amount of energy.
Wow, this news makes me jealous because my own country has not given legal status to mine crypto currency. I think I want to move and live in Iran to be able to do mining freely and not violate the law. I think the Iran decision is based on other reasons which certainly consider that it turns out that mining is better permitted because it benefits and improves the economy of its people. I think in the future crypto currencies will develop well in Iran.
I am amazed, this is a country that is very brave in taking policies, many countries do not dare to take policies like Iran, maybe in the future many countries will follow like Iran.
For sure, that would say clearly that the network operation of bitcoin won't be stop as long as there are miners out their.
They can make it illegal but they can't stop the miners, and good thing there are countries who supports crypto.
Good news for me, because they openly support bitcoin mining. That is one step towards bitcoin legality in Iran. It's just a matter of time until bitcoin is truly legal in Iran.
bitcoin has always been legal in Iran it has just not been regulated. so was mining. in fact people in Iran have been mining bitcoin for many years, mostly in early years that the difficulty was low. as for regulation of bitcoin itself, it is going to happen in about 3 months.
I think the information that has gotten to you is not quite right. Bitcoin has been illegal in Iran. There was never a time when the Iranian government raised the green flag for Bitcoin. As a matter of fact, according to a cointelegraph news just this month, the government's central bank has warned that buying and selling Bitcoin is illegal in the country. (Source: https://cointelegraph.com/news/trading-bitcoin-is-illegal-in-iran-central-bank-official-warns)
However, 2 days later, it was reported that a disagreement among concerned Iranian officials regarding Bitcoin is apparent. While trading is indeed illegal, mining was treated with an open mind, with the country's supreme court itself excluding mining in its ban decision. (Source: https://finance.yahoo.com/news/iranian-authorities-disagree-whether-bitcoin-231507483.html)
But then again, we all know what happened after that. More than a thousand ASICS were confiscated in the various raids that were conducted.
And then, another turn around by Iran, legalizing mining all of a sudden.
What a ride! Every Iranian must have a dizzying yet fun ride with their government's final policy on Bitcoin and cryptocurrency.
I am amazed, this is a country that is very brave in taking policies, many countries do not dare to take policies like Iran, maybe in the future many countries will follow like Iran.
For sure, that would say clearly that the network operation of bitcoin won't be stop as long as there are miners out their.
They can make it illegal but they can't stop the miners, and good thing there are countries who supports crypto.
Good news for me, because they openly support bitcoin mining. That is one step towards bitcoin legality in Iran. It's just a matter of time until bitcoin is truly legal in Iran.
bitcoin has always been legal in Iran it has just not been regulated. so was mining. in fact people in Iran have been mining bitcoin for many years, mostly in early years that the difficulty was low. as for regulation of bitcoin itself, it is going to happen in about 3 months.
Legalize of mining is a big news for the crypto community in the world and Iran people as the situation was different before regard the crypto in that region and the door is open for them to trade crypto now as a means of boosting the community.
I am amazed, this is a country that is very brave in taking policies, many countries do not dare to take policies like Iran, maybe in the future many countries will follow like Iran.
Even if we know Iran is having an issue with regards to terrorism, I still adore them for passing this bill and for making mining legal for their people. I hope to have more peace on that country so people can mine without any hassle and for them to have the chance to go up as a great nation again.
Countries that are not doing so well economically are the first to carry out some extreme plans. Great news from Iran but how long will they be able to keep it going when with embargos all around them? I hope they will remain defiant.
Some extremists were saying that bitcoin is against the rules of Islam
Looks like it isn't anymore if Iran supports it.
Some extremists were saying that bitcoin is against the rules of Islam
Looks like it isn't anymore if Iran supports it.
This will be for every country one day, because No country can resist technology and developments. Resisting and non-adapting countries are doomed to remain behind, while those that keep pace with developments are more determined to reach better days.
Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm
What is your opinion about that?
What is your opinion about that?
Happy to heard that legalised or reguleted the mining in iran is pretty great news mining is one of the best source to get earn profits in crypto.
Iran will be a good market for mining. The main thing that the government supported mining in the future
Yeah that is true iran and other country in middle is the best mining site location because the can use power generator using gasoline to supply electricity the reason is the gas product in that country is very cheap.
Just think what a great decision Iran made. Having legalized mining, the country has created best conditions for large miners, because now it is safe for them. Perhaps the electricity fee will not be the most profitable but the police will never break your home to arrest mining farm
What is your opinion about that?
What is your opinion about that?
This is such a good news for the crypto ecosystem but one thing about such news is that after talking much on it you need to show us the source of the information because not everything here is real .
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