Iran legalizes mining - page 2. | Bitcointalksearch.org

ubay

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Quote from: mirakal on July 25, 2019, 11:54:29 PM

Quote from: ?? on ??

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.

mirakal

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Quote from: ?? on ??

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.

Artemis3

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Activity: 2030

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CLEAN non GPL infringing code made in Rust lang

Quote from: ?? on ??

snip

This is redundant and i already talked about either here or in another thread. But you still don't get it and went elsewhere.

Tor is detectable, not the activity you are doing with it. Many people use Tor safely to defeat political censorship, but what do you know in your perfect place.

If crypto is outlawed, Tor doesn't necessarily is. If Tor is also outlawed, there are still ways to obfuscate it, but i'm not bothering discussing those with you.

You are the only one responsible for not committing crimes in your country.

IPv6... meh, as if i didn't knew that, but its not what i was talking about. Macaddy spoofing, comes by default in modern OSes, but again not relevant.

And yes, you are still wrong, because, you don't even get it, but most of it is just inaccurate to say the least. Don't make me laugh about tracking purchases, you obviously have no idea how it is in some places, i might have a nic here with YOUR ID as the previous owner FWIW...

Oh and your little ipv6 thing doesn't go thru tor. Stop spreading FUD, get a clue or get lost.

coin-investor

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Quote from: akela11 on July 23, 2019, 06:28:28 AM

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?

This is a big turn around, I just read an article not long ago that Iranian authorities are seizing ming farms and now they are legalizing it, the authorities have seen how I can help their economy, I hope they become a major player in mining top coins in the market, many more Arab countries will follow after this news, we have so many Muslim brothers that are into cryptocurrency.

Nanagyasi

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Btc and crytpo in a whole is gaining more popularity and acceptance. Maybe it wasn't out rightly illegal at first and so to describe it as been legalised as the topic says might be grammatically not true, as suggested by another person. However, once it is regulated now and more or less legalised, it calls for joy since it is a step towards the acceptance we have all been waiting for

Ico.best

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I think that is a good start, by making legality for mining open the opportunity for bitcoin to be more able to enter and be known to the community. But if I think for now the probability of income and expenditure from mining bitcoin is very minimal, I am also one of the miners in my place.

The Cryptovator

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Most likely I have read this news previously although I can't remember right now. Obviously this is positive news for crypto-currency user especially who live on Iran. Who know perhaps more miner would move to Iran in order to mine crypto-currency. I think Iran took a great decision and it will make a strong crypto community. Probably electricity bill very cheap there.

TheCoinGrabber

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Turns out it's just "regulating". It was never illegal to begin with, the government just want in on the action apparently.

The thing is, how would this really help Iran? I know there are sanctions but would they be easily be able to sell the mined coins for, say, foreign currencies?

Quote from: squatter on July 23, 2019, 06:39:02 AM

You should include a link next time: Iran Legalizes Crypto Mining

Thanks for the link.

deisik

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Quote from: squatter on July 23, 2019, 06:39:02 AM

Quote from: akela11 on July 23, 2019, 06:28:28 AM

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?

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

Will it change anything?

I guess the citizens of this country are already banned from trading cryptocurrencies on most exchanges (not even speaking about regulated exchanges in the US). Whether this ban is strictly followed is another question, though I don't think that Iran makes a big contribution to cryptocurrencies in the first place. And I'm not sure their hackers are as sophisticated and advanced as North Korea's to fight it back

Iceblast

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Quote from: akela11 on July 23, 2019, 06:28:28 AM

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?

For crypto miners in Iran, I think it is good news, because legalized mining makes freedom for anyone to do mining, and that will not be illegal. I think it's a good step for Iran

eternalgloom

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Quote from: squatter on July 24, 2019, 05:57:15 PM

Quote from: Red-Apple on July 24, 2019, 07:58:32 AM

Quote from: squatter on July 23, 2019, 04:07:21 PM

The sanctions didn't start yesterday, but the Treasury Department has been slowly ramping up its pressure on exchanges ever since 2017. A formal endorsement of mining by Iran suggests there will be increased Iranian capital flow into mining. Between that and the fact that Iranian officials have repeatedly said cryptocurrencies can be used to thwart sanctions, it makes sense that US officials are watching closely. The fact is that P2P markets, DEXs, and non-KYC exchanges could theoretically allow circumvention of sanctions.

the sanctions didn't start in 2017 either they started back in 1979 just as the revolution occurred in Iran and have been only increasing ever since. my point was that if US decided to do anything to exchanges in the name of Iran and sanctions,... they would be lying their asses off since Iranians never used any of these exchanges they have access to put pressure on in first place.
any other method they were using (DEX, P2P, certain exchanges,...) have been and will remain out of their jurisdiction and reach.

Before 2017, in the eyes of the Treasury Department, cryptocurrency wasn't relevant to sanctions enforcement because the market was so tiny. That is obviously changing as Bitcoin becomes more and more valuable. And Iranians were allowed on most exchanges before that time. That's why there was a big scandal when Bittrex disabled the accounts of all Iranians and confiscated their funds. See these threads:

https://bitcointalk.org/index.php?topic=2342458.0;all
https://bitcointalk.org/index.php?topic=2279516.0;all

From 2017 on, we've seen many exchanges add TOS prohibiting regions based on OFAC sanctions. This is because OFAC wasn't applying any pressure before then. Now they are.

Damn, I hadn't heard of this before, I always regarded Bittrex as one of the fairly good exchanges.
Banning entire groups of people AND confiscating their funds is a huge red flag.

It's kinda sad that the entire nation is in effect punished by these sanctions, though that's kind of the point of sanctions in the first place...

womanwrappa

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Quote from: krb91 on July 23, 2019, 08:01:46 AM

This is an impressive move from the Middle Eastern nation. With the ever straining relationship with the United States, Iran has sought to outdo US by legalizing mining. This is a giant stride in my opinion cryptocurrency. More nations with strained relationships with the United States are very likely to follow suit and implement further policies that will be beneficial to the cryptocurrency markets.

Apt....

I just wish the Chinese government will follow suit.

Msworld83

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Blockchain technology will surely come to main stream, no matter what except those that are selfish about themselves, I really wish every other country could gonin to this as the technology is still very young and has attain the level of billions in $ and soon we are aiming at trillion by next bull.

Hallmader

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Quote from: akela11 on July 23, 2019, 06:28:28 AM

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?

This is a big news. It only took a few weeks for Iran to take a u-turn regarding cryptocurrency mining in the country. I have just read recently that Iran authorities have made massive raids on crypto mining homes and then all of a sudden this positive turn of events. Somebody reliable and close to the authorities must have enlightened them about crypto mining and its potentials. The nuclear facilities of Iran must be enough to cater the energy needs of these miners.

Artemis3

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Activity: 2030

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CLEAN non GPL infringing code made in Rust lang

Quote from: ?? on ??

You might as well drive yourself to jail , if you think tor is going to protect you.

https://web.archive.org/web/20190105002252/https://www.deepdotweb.com/2018/01/31/leak-shows-us-army-nsa-compromised-tor-i2p-vpns-wants-track-monero/

Thankfully you don't seem to understand that article, or how this "leak" could work to de-anonymize Monero and the like, which isn't what was being talked about. Tracking transactions is not an issue, it is identifying you to be somehow related to certain transaction, or address for that matter.

Since we were actually talking Bitcoin, transactions are already in the clear. You may think in your mind Tor is useless, but you are wrong, but it is because you fail to understand the technology. Perhaps you are the type they target, please citizen obey the law, thank you.

Point of Tor is hiding your IP, and therefore your geo-location at a given time. This works and is not broken. Your alleged NSA tool fulfills another role, which is AFTER they have confirmed an identity to be tied with an address/transaction. This may* be needed in those coins, but not Bitcoin which is already in the clear.

As for your other article, i won't even bother. Chinese are not supposed to be dealing with Bitcoin, use your imagination...

*Hilariously most Monero wallets don't anonymize the transactions in the first place...

In the end, if you know what you are doing, you are safe using Tor.

Nhebu

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Quote from: ?? on ??

And what is the price of electricity in Iran? It is not profitable? And in General, any legalization is a small victory for the crypto community.

It is good that Iran already joined the growing industry of cryptocurrency. It is a good start for our brothers in east asia to use the bitcoin as well as to mine cryptos. Iran is a resourceful country and its electricity can be dependent in its own natural resources like oil. Its not a problem anymore.

akela11

newbie

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Do you think China will follow the example of Iran? This week, the Chinese court recognized Bitcoin as a digital property and also reduced the tax for business. Will mining be the next question to be discussed by the Chinese government? If China legalizes mining it would probably be a good punch to the US

squatter

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STOP SNITCHIN'

Quote from: Red-Apple on July 24, 2019, 07:58:32 AM

Quote from: squatter on July 23, 2019, 04:07:21 PM

The sanctions didn't start yesterday, but the Treasury Department has been slowly ramping up its pressure on exchanges ever since 2017. A formal endorsement of mining by Iran suggests there will be increased Iranian capital flow into mining. Between that and the fact that Iranian officials have repeatedly said cryptocurrencies can be used to thwart sanctions, it makes sense that US officials are watching closely. The fact is that P2P markets, DEXs, and non-KYC exchanges could theoretically allow circumvention of sanctions.

the sanctions didn't start in 2017 either they started back in 1979 just as the revolution occurred in Iran and have been only increasing ever since. my point was that if US decided to do anything to exchanges in the name of Iran and sanctions,... they would be lying their asses off since Iranians never used any of these exchanges they have access to put pressure on in first place.
any other method they were using (DEX, P2P, certain exchanges,...) have been and will remain out of their jurisdiction and reach.

Before 2017, in the eyes of the Treasury Department, cryptocurrency wasn't relevant to sanctions enforcement because the market was so tiny. That is obviously changing as Bitcoin becomes more and more valuable. And Iranians were allowed on most exchanges before that time. That's why there was a big scandal when Bittrex disabled the accounts of all Iranians and confiscated their funds. See these threads:

https://bitcointalk.org/index.php?topic=2342458.0;all
https://bitcointalk.org/index.php?topic=2279516.0;all

From 2017 on, we've seen many exchanges add TOS prohibiting regions based on OFAC sanctions. This is because OFAC wasn't applying any pressure before then. Now they are.

Parkie

newbie

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I am sorry to ask, but why is so much electricity used when mining?

inechain_original

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In essence, this is the placement of Chinese mining farms in Iran. A good form of investment attracting.

Topic: Iran legalizes mining - page 2. (Read 913 times)