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    1. coinfeeds-bot on

      tldr; Iran has been mining Bitcoin since at least 2019 to counteract global sanctions and inflation, but estimating its holdings is challenging due to underground operations. Legal mining permits were issued starting in 2019, but 85% of mining remains unlicensed, often using subsidized electricity from schools and mosques. Estimates of Iran’s mined Bitcoin range from 60,000 to 200,000 BTC, worth billions. The government mandates licensed miners sell Bitcoin to the central bank, while illegal operations strain the power grid. The Islamic Revolutionary Guard Corps is believed to play a significant role in mining activities.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Netanyahu has been claiming Iran is days away from mining all the bitcoin since the 90’s.

    3. MichaelAischmann on

      Bitcoin doesn’t care about your political orientation, religious views, gender, race or sexual preference.

      It’s permissionless nature allows everyone to use it.

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