What is Bitcoin Mining in Iran (Marku Bitcoin Mine in Iran)

What is Bitcoin mining in Iran? Iran is the world’s largest Bitcoin mining country, with the largest electricity resources and the richest hydroelectric power generation worldwide. In addition to domestic mining, Iran also provides various financial, educational, and medical related services; And there are numerous illegal activities carried out in Iran, such as obtaining funds through drug trafficking, and so on

Iran has developed the Cryptocurrency industry mainly relying on its own oil resources, so Iran has also begun to use its energy to produce Cryptocurrency. In addition, it is reported that there is a company in Iran called Bitcoinin Iran that specializes in mining operations to mine digital assets (such as US dollars) from abroad. This technology has been widely recognized and legally supported by the Iranian government. However, due to the uncertainty of regulatory policies, Bitcoin holders in some countries are unable to benefit from it, which has led more and more investors to believe that these investment behaviors do not belong to them According to bitcoinist.com, a Bitcoin mine in Mahromi, Iran is located in the southern region of the country’s capital. It is said that there are 200 mining equipment and facilities in this building, including a new Cryptocurrency mining machine called “Maqta Pow”. It is reported that mining BTC in Maku will take approximately 30 months to complete In addition, some residents in the region are looking for electricity supply to sustain their business, but due to the high cost of electricity, they are unable to profit from it.