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Iran To Cut Power Supply To Licensed Crypto Miners: State TV (bloomberglaw.com) 44

An anonymous reader shares a report: Electricity to all 118 legal crypto mining centers in Iran to cease from June 22 ahead of seasonal spike in power demand, Mostafa Rajabi Mashhadi, spokesman for country's power industry says in interview with state TV.
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Iran To Cut Power Supply To Licensed Crypto Miners: State TV

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  • Will Texas follow? (Score:2, Insightful)

    by Joce640k ( 829181 )

    The question on every body's lips is, will Texas follow suit?

    • by Anonymous Coward
      Not as long as they can blame Biden for the mineral oil prices.

      ERCOT would rather let people boil alive in their homes and die from heat stroke before even indirectly admitting that something other than Biden is responsible.
    • by Anonymous Coward
      Texas will be seceding from the United States [newsweek.com] very soon. It is very possible the they will launch their own crypto to replace the U.S. Dollar when that happens.
      • This is only the beginning and we already know how it ends [wikipedia.org], the only difference is the name it will be given.

      • Are they leaving on their own or are they being kicked out? Because I have a hunch that this would be something that could make a lot of people happy, inside and outside of Texas.

      • by tchdab1 ( 164848 )

        Many, many equally improbable things are possible.

      • by whitroth ( 9367 )

        Y'know, a few other states tried that some time back, and it didn't fly.

        This time, hmmmm, wonder how the troops and ground and air support at Fort Hood would respond when the CiC ordered them to take and hold the capital?

        • Y'know, a few other states tried that some time back, and it didn't fly.

          Texas would be on strike two if it tries it again. They will need to update their Declaration of Causes, as the 1861 [texas.gov] version is hardly a dog whistle. The phrase "the imbecility of the Federal Government" can probably stay.

      • Texas will be seceding from the United States [newsweek.com] very soon.

        Does that mean they'll have to paint all their cars and buildings a different color?

    • "The question on every body's lips is, will Texas follow suit?"

      Nobody licenses anything in Texas.

  • controversial how? (Score:4, Interesting)

    by MancunianMaskMan ( 701642 ) on Monday June 20, 2022 @09:03AM (#62635816)
    least controversial use of executive power in Iran since forever.
    • by Anonymous Coward

      That's what you get for registering and thereby telling the government what you're up to: The government'll flip a switch, and you're SOL.

      Don't tell the government, and it's only bad should they find out. Which is a big if, in a big country with little (and largely corrupt) governmental oversight.

      • I would much rather take the risk that law enforcement in the US finds my illegal mining operation than say the Iranian Revolutionary Guard Corp finding it. Yeah I might be able to bride my way out of either situation but the consequences if I can't for one are a lot worse than the other.

        • Really I am pretty surprised at how naive most westerners are to the ways of the middle east or really anywhere but the modern west. While not Iran, SA executed 81 in one day recently. https://www.france24.com/en/mi... [france24.com]. There are dozens of countries who eliminate problems. And they don't take very long to handle it.
        • Asking because I donâ(TM)t know: Is bribing people something that you can get away with in Iran? I thought they were a very religious country so you would think bribery could get you into serious trouble.
          • To be honest I don't really know, but knowledge of other nations that lack real strong institutions and are authoritarian in nature tend to have higher corruption and thusly more corrupt law enforcement.

            Doesn't matter what the law or religion says money always talks. We have plenty of evidence in the US that cops are on the take, I imagine in Iran it's similar except their forces would have a lot more leeway in how they want to handle it.

            I could be shown evidence to the contrary and I would change my opin

      • Keeping an AC grid of nontrivial size up, stable, at the correct mains frequency, not overloading weaker transmission lines or suffering freaky reactive power losses, is not something you do by just letting amateurs wing it and hope for the best. The utility engineers may or may not care; and even if they do they depend on the feds to handle enforcement; but purely for the health of the grid it would be unsurprising if systems are in place that would pick up significant mining operations pretty readily. See
      • It can be difficult to get the electrical power without the local power companies knowing expected consumption. Regulating power for business and residential uses is commonplace around the world, especially tying it to the cost of electrical power.

  • I suspect that the spike in energy prices and the collapse of crypto will mean that it'll simply become uneconomical to continue mining eventually.
    • Unless the collapse of fiat currency which is well on its way by the non-stop inflation, greed and corruption, means that crypto will still be more valuable than the cost of mining it.

      We need fusion power ASAP to get out of this problem. With basically free energy, crypto-mining becomes a non-issue, a huge percentage of environmental issues become trivial to stop, others become easier to slow down and the cost of growing food in energy-hungry controlled environments and cleaning/purifying drinking water als

      • If you want fusion, you'll be waiting 'til 2030/2031 at the earliest.

        • Fusion is _always_ 30 years away. There is no sign, anywhere, of any fusion design successfully reaching the "break-even" point, much less of successfully extracting more power than the Gigawatt required so far to charge the smallest system and trigger any fusion at all.

          • No, it's not 30 years away. It's about 8-9 years away now. It's not clear if it'll be Lockheed, General Fusion, Commonwealth Fusion, some goofy startup trying to launch micro fusion cells into space in 2027/2028, or even a wildcard like Focus Fusion to cross the finish line first. But it seems to be happening, finally.

            • After so many decades of abject failure, it's not a wise way to bet or to invest money. Even achieving "break-even" doesn't mean it's remotely effective enough to serve as an efficient power source, though there will be some prize money and some academic accolades. And there is no infrastructure for manufacturing, or harvesting, enough deuterium and tritium to serve as a fuel source for its commercial use. I could go on with the problems.

      • Fission was also supposed to be free energy and see how that worked out.

        By the time it works and reactors are built and profits generated fusion will no longer be cheap.

      • I think somewhat optimistic to believe crypto is devoid of greed and corruption.
      • The dichotomy of a world that has both unlimited fusion energy AND crypto currency.

        The world where fusion has been developed and is normalized enough that is powering the devices plugged into my wall is one so far beyond the purported problems that crypto supposedly solves. Nevermind the fact that free energy both makes mining free but by that metric makes crypto essentially worthless. The world where both these things exist is pretty dystopic honestly. Probably more one where the haves get free energy a

        • Fusion power supplies are still limited by the need for tritium in the standard deuterium-tritium reaction. The half-life of tritium is only 12 years, it's harvested from the limited supply of radioacive material like uranium which generate it. It will never be unlimited, unless we start harvesting it from sources such as solar wind. If we're doing _thaT_, why would we bother with the tritium? Just harvest the solar energy directly.

          Orbital solar energy is plentiful, 2 watts/squae centimeter. There is simply

  • I hope that it will change in the future

He who has but four and spends five has no need for a wallet.

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