[Iranian Anti-Government Protests Could Impact BTC Hashrate] BeInCrypto reported that anti-government protests in Iran could impact not only the local mining industry but also the Bitcoin network. Iran is known to account for 2-4% of the global BTC hashrate. The outlet explained, "While miners themselves won't immediately shut down, a decline in operational efficiency is inevitable. This could lead to a temporary drop in the global hashrate. The collapse of the local currency has fueled the growing anti-government protests, and the authorities' actions have also significantly increased uncertainty for the Iranian mining industry." -Coinness
This article is machine translated
Show original
Sector:
Telegram
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content





