Iran can mine 1 BTC for $1,320 and sell it for $68,000 🚨
How? Subsidized electricity. 2019: mining legalized licensed miners must sell $BTC to Central Bank But: ~90% of mining reportedly illegal underground farms stolen or subsidized power full profits kept Raids. Crackdowns. Grid stress. It’s not just mining. It’s energy arbitrage under sanctions.
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Iran can mine 1 BTC for $1,320 and sell it for $68,000 🚨
How?
Subsidized electricity.
2019:
mining legalized
licensed miners must sell $BTC to Central Bank
But:
~90% of mining reportedly illegal
underground farms
stolen or subsidized power
full profits kept
Raids.
Crackdowns.
Grid stress.
It’s not just mining.
It’s energy arbitrage under sanctions.