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by sva_
1858 days ago
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> For example, blockchain analytics solutions such as those provided by Elliptic can be used by regulated financial institutions to detect and block cryptoasset deposits from Iran-based entities including miners. Techniques can also be employed to ensure that transaction fees are not paid to miners in high risk jurisdictions. Interesting. It seems like they're basically saying that mined blocks should be accepted based on the location of the one submitting it. This whole article seems to be a sales pitch. Lets see how decentralized and unregulated Bitcoin really is. >This level of Bitcoin mining would currently bring in annualised revenues of close to $1 billion. I wondered how they came up with that number. Miners currently seem to earn around $30 million per day[0]. 30*365*0.045 = ~500 mil. Seems like they conveniently used the highest recent rewards of $60mil per day. The statement just seems sensationalist at best, all things considered. [0] https://bitcoinvisuals.com/chain-block-reward-day |
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That's silly. Mining doesn't use a lot of bandwidth, so setting up a tunnel to mask the origin of the block would be trivial. The moment Iran's blocked, why wouldn't miners do that?