[quanto]

> The electricity being used by miners in Iran would require the equivalent of approximately 10 million barrels of crude oil each year to generate - around 4% of total Iranian oil exports in 2020.

4% of the post-sanction exports. It seems that the sanctions "evasion" does not have an impact on the efficacy of the sanction.

Instead of seeing Iranian mining boom as some tech-enabled sanction workaround, I see it as just that -- a boom just because electricity is cheap.

[dragonelite]

Chinese government is clamping down on their domestic miners. Given how Iran and China are quiet close maybe those miners can get some good energy deals. Also means the Russia, Iran and China(coalition, partnership?) crypto hashing power is also more decentralized.