Iranians Mining Bitcoin for $1,325 and Making 50x Profits Despite Power Issues

In Iran, people are mining Bitcoin for just $1,325 each, while in the US, it’s hitting over $75,000 per Bitcoin. Because of this crazy low cost, miners there are enjoying up to 50 times their investment, even with the recent Bitcoin dip. Plus, Bitcoin is crucial for them to work around trade sanctions affecting their economy. However, they’re struggling with significant power shortages due to recent conflicts and outdated infrastructure. Iran currently contributes about 5% of the global Bitcoin hashing power. Some of the leading mining firms in Iran include Eadvizer, Vira Miner LLC, Ramzarznegaran, and Persisbazar.