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21 sats \ 3 replies \ @Tony OP 1 Sep \ parent \ on: How Much Electricity is Needed to Mine 1 Bitcoin charts_and_numbers
It actually is quite accurate. Outages and government restrictions for some residential areas are not accounted for here, but reported prices seem to match the infographic.
The residential electricity price in Iran is IRR 1,943.000 per kWh or USD 0.004. These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees
Residential electricity prices in Iran are 2.35% of the world average electricity price
https://www.globalpetrolprices.com/Iran/electricity_prices/
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0 sats \ 2 replies \ @OT 1 Sep
I guess their people will wake up sooner or later.
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0 sats \ 1 reply \ @Tony OP 1 Sep
Well, “normal” people there don’t really have an opportunity to mine, and consequences for disobeying higher leadership directives are very strict. While mining is legal on paper, it requires a separate license, which is quite costly + miners face higher energy tariffs.
This actually is where the infographic is faulty — the author seems to have taken the reported minimum kWh price for a household in each country and used that to calculate the price of mining one bitcoin. It does not account for peculiarities of each country’s laws.
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21 sats \ 0 replies \ @OT 1 Sep
Yeah, there's a reason most miners are now set up in the US. Security.
Still having such a big difference in costs I'm sure there will be some people trying it. Maybe not in Iran, but also Cuba or Ethiopia. Pay a small militia to protect the hardware and arbitrage that sh$t!
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