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Posted on 02/27/2026 5:32:36 AM PST by nuconvert
Iran mines Bitcoin at $1,320 per coin on subsidized electricity and sells it at $68,000. A 50x gross margin. Not a hedge fund return. Not a venture multiple. Fifty times on power costs alone, running on electricity priced at half a cent per kilowatt hour while Iranian civilians suffer rolling blackouts because 700,000 mining rigs are draining 2,000 megawatts from a collapsing grid every single day.
95 percent of those rigs are illegal. The IRGC runs the largest operations, exempt from electricity bills, consuming power from facilities that simultaneously cause blackouts in hospitals and homes. The regime legalized mining in 2019 specifically to convert sanctioned energy into unsanctioned hard currency. Bitcoin is not a side hustle for Iran. Bitcoin is the single most effective sanctions evasion tool in the regime’s arsenal. Every block mined on subsidized Iranian electricity is a direct conversion of state-subsidized energy into dollars that no SWIFT ban can touch.
Iran accounts for 2 to 5 percent of global Bitcoin hashrate. That means roughly 1 in every 25 blocks confirmed on the Bitcoin network is being validated by machines that fund the IRGC, the same organization massing troops at the Iraqi border, operating the missile batteries the F-22s were sent to suppress, and running the nuclear facilities the B-2s are programmed to destroy.
Now connect this to the strike. (Con't at Link)
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Pong
Why haven’t we wrecked this yet?
How long to mint a single BTC on such a setup?
Wow, I had no idea.
no idea how long
Interesting
I have never been able to wrap my brain around what is Bitcoin. What of value backs it up? They say there is limited amount avaliable,scarcity, but yet you can “mine” more. Its “durable”, but can’t it just be erased since it is just electrons? Can’t it be lost when people don’t just accept it; it has value only because people claim it has value? So you use a computer to solve some encryption algorithm, of what value is that?
Sorry I don’t get it.
This doesn’t pass the smell test.
The advanced hardware used to mine bitcoins isn’t even allowed to be exported to Iran.
This is 100% correct. One of the largest crypto mining operations in the world is run by Iran’s Revolutionary Guards Corps.
With the heavy US sanctions that were imposed by PDJT, rulers of Iran are struggling to fund Hezbollah, Hamas, Houthis, and their very expensive ballistic nuclear missile R&D.
The rulers, of course, could not care less about the people of Iran. Military planners at CENTCOM and Tel Aviv care more about Iranians than does the Ayatollah. Consequently, in the heat of summer, the rulers of Iran shut down electricity so that their crypto mining operation can continue.
Personally, I have a problem with crypto. I don’t consider it an investment. Unlike a rental property or a share in a business, it generates no wealth. It has not done well as an inflation hedge or a store of value. The only utility I see in crypto is tax evasion, extortion, blackmail, sanction evasion, etc.
I’ve talked to crypto fans, and none of them have been able to coherently explain to me how crypto adds value to human society.
“Bitcoin was invented by an unknown person or group using the pseudonym Satoshi Nakamoto, who published a white paper in 2008 and released the first version of the software in 2009. Nakamoto’s true identity remains a mystery.
Identity and Anonymity:
Satoshi Nakamoto’s true identity remains unknown. Speculation exists about various individuals, but no claims have been verified. Nakamoto was active in Bitcoin’s development until around 2010, after which they ceased communication.”
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You wanna stake your financial future on that? Cuz I sure don’t.
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I watched this documentary and it told me everything I needed to know.
I suggest you do the same. 👍
You have internet access, yes?
The most powerful and complete source of knowledge in human history.
Use it.
Education happens when you search for things and think about them.
Good luck!
heads up
All of those numbers have changed significantly since the drop in Bitcoin value.
The Trump brothers are struggling to keep their heads above water right now.
“The advanced hardware used to mine bitcoins isn’t even allowed to be exported to Iran.”
Lol. Banned in China also, yet they are the 3rd largest mining hub in the world. China & Iran are business partners in all sorts of nefarious dealings.
So you think Iran is a top bitcoin country?
I don’t call 4% “top”. The USA and China dominate and our lead is increasing.
Our best chips are not going to either China or Iran. The only reason Iran is at 4% is because of insanely cheap energy to mine them.
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