Will Iran War Threaten Bitcoin Hash Rate? Conflict Looms Over Tehran’s Bitcoin Miners

The Bitcoin hash rate decreases after the United States hit the nuclear structures within Iran. Will the calculation power recover or more planned slides if Iran against the war of Israel continues?

On June 22, two events took place, one of which was unexpected. When the United States hit Iranian nuclear structures, Bitcoin prices fell as expected, but the accompanying collapse in the Bitcoin hash rate was unexpected.

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Bitcoin Hash Troasses

Price trackers showed it BTC logoBtc ▼ -1.19% He went down to $ 98,500 before recovering yesterday. As with past events, every time the most precious cryptographic resource in the world decreases, drags the altcoin, including some of the Solana meme coins better.

Currently, the total cryptocurrency market fell by 2.4% to $ 3.2 trillion, per Coingecko. Although Bitcoin has recovered, exchanging over $ 101,000, the hash rate remains low and has slipped in the last few days.

Currently, the Bitcoin hash rate is about 861 eh/s, down by 943 eh/s recorded in mid -June. While it is still at the highest record, theera A quick decline during the weekend, descending from 886 eh/s orJune 18 starting from 861 eh/s of JuNor 22.

The Bitcoin hash rate decreases after the United States hit the nuclear structures within Iran. Will the calculation power recover or more planned slides?

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The Iranian miners who are offline?

The drop in the hash rate could be attributed to miners who are offered in Iran the day when the United States bombed the main Iranian nuclear structures, causing possible energy interruptions.

Bitcoin mining is a high -intensity energy process and miners, possibly to work thousands of next generation systems, require constant access to energy and reliable internet.

Both were interrupted last week when the Tensions of Iran-Israel intensified, with the blackouts of power and internet reported in both countries.

According to Memampool, a Bitcoin mineral tracker, some of the largest mining pools are in the United States. Foundry USA, for example, contributes to 255 eh/s, while Mara Pool contributes to 41.30 eh/s of the hash rate.

The Bitcoin hash rate decreases after the United States hit the nuclear structures within Iran. Will the calculation power recover or more planned slides?

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There are other miners from Asia and Europe. However, thousands of smaller mining pools, although not so large, still contribute to hundreds of eh/if they play a fundamental role in guaranteeing the bitcoin network, ensuring that it remains resistant to censorship, decentralized and highly reliable.

Bitcoin mining is legal in Iran

Among these are mineral farms and swimming pools from Iran. Despite the penalties, the country emerged as a main center of mining in Bitcoin, playing a significant role in the wider encryption ecosystem.

The drop in the hash rate during the weekend, coinciding with the bombings, strongly connects Iran to Bitcoin Mining, thanks to its abundant and subsidized electricity derived from fossil and even nuclear sources.

This development is not surprising. The central bank of Iran has begun emission Mining Bitcoin licenses to operators in 2019 when the practice was legalized. With BTC and sufficient operators, the country has actually eluded the economic sanctions led by the United States.

The Islamic revolutionary guard body (IRGC) has been actively involved in these mining operations, using over 2,000 MW of power per day to extract bitcoin.

Around 2021, Iran contributed with 4.5% of the global Bitcoin hash rate, gaining over $ 1 billion in annual revenue. However, by 2024, due to the growing regulations, inconsistencies of application and a fragile power network, their contribution fell to 3.1%.

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Will the hash rate recover?

It remains to be seen whether further attacks of Iranian energy structures will have a negative impact on the Bitcoin hash rate. Recovery may take some time.

The good news is that, although the Esfahan complex has been hit, Aiea did not report any radioactive contamination, only repairable structural damage.

If there were more strikes that take offline systems, the hash rate will probably decrease further and the net will fulfill difficulties to maintain the processing of the blocks every 10 minutes.

Even so, this would not be the first time that the network has to face serious interruptions. The Bitcoin Mining ban in China caused a large drop in the hash rate, but after a few months the hash rate increased, following the prices of some of The best cryptovans to buyTo the new maximums.

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The Bitcoin hash rate decreases after the United States strikes in Iran

  • The Bitcoin hash rate descends from the maximum records
  • The contraction coincides with the United States strikes within Iran
  • Iran is a great player in Bitcoin Mining
  • Will the hash Bitcoin rate recover?

Will Iran war threaten the Bitcoin hash rate? The conflict looms on Tehran’s Bitcoin miners appeared first out of 99 bitcoins.

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