Iranian miners had a false alarm

Iranian miners had a false alarm

The US House of Representatives has restrained Trump and limited the Trump administration's military actions against Iran, but it cannot stop the uneasy hearts of miners. A large number of miners are paying attention to the situation between the US and Iran, and are worried about Iranian miners, and are speculating whether Iranian miners are ready to evacuate at any time. However, in the dry season in China and when 7 types of BTC mining machines have fallen below the shutdown price (data from f2pool), miners should be more worried about themselves.
As we all know, the Middle East where Iran is located is rich in oil and natural gas, so the electricity price is also quite cheap, only a few cents, while the domestic average price is 30-40 cents. Especially since 2019, Iran has introduced relevant policies to formally legalize Bitcoin mining, which has attracted a large number of miners. The advantages of electricity and policies have attracted a large number of miners, but the historically complex situation in the Middle East has also discouraged them. The United States and Iran are on the verge of a war, and Iran's Bitcoin once reached 38,000 US dollars. The soaring price of the currency and the risk aversion sentiment have focused many eyes on Iran.
But the situation in Iran is much better than people think. Iranian miners have not been affected by the war. The attack did not take place in Iran, but in Iraq. Iran's territory was not damaged at all. If you are worried that the conflict between the United States and Iran will escalate into a war, don't worry. On the same planet, the forces of various countries check and balance each other, which is really "a move affects the whole body". If the United States fights a war with Iran, it must also consider the containment of other countries. After all, Russia and other countries have been supporting Iran behind the scenes.
The war is looming, and the mood of the miners is indeed not high. Some Iranian miners are ready to run away at any time. However, more pressure is not on the Iranian miners, but on those who host the mining machines. They are far away from each other and can only hear the news of the US-Iran conflict, but cannot understand the specific situation in Iran. "Three people make a tiger", and many people who host the mining machines will not be able to bear the pressure and surrender.
Although Iranian miners are planning to withdraw at any time, their machines are still working tirelessly. Now that they know that the US and Iran will not fight, they can be considered relieved. The biggest concern of Iranian miners at present is nothing more than the new economic sanctions that Trump said the US will impose. The long-term economic sanctions imposed by the United States on Iran have made Iran somewhat "immune" to this. The new economic sanctions may bring trouble to Iran. The only thing related to miners is the increase in electricity prices in Iran. If Iran loses its electricity price advantage, can it still attract a large number of miners? I am afraid that by then, the miners will look for a new paradise.

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