Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines over the Iranian border has proven to be far more difficult.
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Iran Offers Cheap Electricity But Setting up a Mining Facility Isn’t Easy
Reports stemming from the Chinese publication 8btc explain that miners who have left China to mine bitcoin in Iran have encountered issues with setting up facilities in the region. In an interview, Chinese miner Liu Feng says Iran has been gathering interest from bitcoin miners due to the country’s super cheap electricity. Feng claims electric costs are as low as $0.006 per kilowatt-hour. In China, electricity is much cheaper than most…