Bitcoin-Miner-Paradise Of Iran? Chinese miners not only Positive

the Bitcoin-Mining-investors are moving to Iran. The country attracts with low electricity prices. But even here, lurking problems: Bitcoin-Miner to be detained at the border and the Hardware is seized. However, Mining investors remain confident.

Tabea Rossol
12. April 2019BTC$5.057,42 -0.12%part Facebook Twitter LinkedIn xing mail

Although currently the largest Mining pool in China and the most computing power for the Bitcoin Mining is consumed in the country of the center, but only recently the country was threatened with a Mining ban due to the high power consumption.

Miner's exit from China

But not only the expected number of strict regulations, but also the current price of Electricity and the price of Bitcoin descent lead to the end of 2018, Chinese Miner drive moving forward, according to the Chinese crypto-News page 8BTC. The preferred new Miner locations are currently in Canada, the USA and Iceland. Medium-sized Mining companies, it attracts more of the geographically closer countries of Thailand, Cambodia and Vietnam.

But now, Iran is emerging as a new Mining Hotspot. The main reason of the low current price of 0.006 USD per kilowatt-hour. In comparison, the price of Electricity in China is 0,015 US dollars. In the Winter, the mines will be even more expensive for Chinese miners, because the price of Electricity increases in the cold Season of the year three times.

current price as the most important indicator

Liu Feng is one of the first Batch Miner who dared to move into Iran. He enthuses over 8BTC of the low electricity prices and labour costs in Iran:

If you want to invest in power plants in Iran, the government there in the first five years of free natural gas, what is the cost of electricity further reduces. Petrol costs only 0.6 Yuan per Liter and Diesel by 0.4 Yuan per Liter. Labour costs are also quite cheap.

More than 90 percent of Iran's electricity is generated by the abundant natural gas.

However, not everything is rosy in Iran: Due to the high subsidies of electricity, have occupied the government banned the use of Bitcoin Mining equipment due to their high electricity consumption, with an import, reported Liu Feng:

It is said that the Iranian customs have so far seized at least 40,000 crypto Mining devices of various models.

But even if it was the Miner to create the border, it can come to problems.

I found a power plant and they were able to offer electricity for as 0.06 Yuan (0,009 US Dollar) per kilowatt-hour. After deduction of operating costs, we have agreed on a profit-sharing 70/30. But two months later, the power plant claimed a 50/50 Split, and doubled the price of electricity supply.

This prompted Liu Feng, his Mining to sell the Farm.

but There are also positive reports. Hey, Chinese Director of a company in Iran, stressed:

is Currently only in the Iranian customs zone of the Mining-Import and Export free of customs duties.

the establishment of a Cloud Computing industrial parks within the customs zone was supported by the Iranian President.

Mining investors must Deposit a certain amount of non-repayable current Deposit in the state power of Iran. Small and medium-sized miners were able to apply to the industrial Park to join

He reported.

With almost 900 megawatts of power for the Cloud Computing industrial Park of 500,000 to 600,000 Miner.

from This, you could develop perhaps the biggest Mining farm in the world.

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