Iran’s Bitcoin mining has fallen dramatically from 7.5% in March 2021 to approximately 0.12% in January 2022. This decline reflects the challenges of tracking due to the illegal underground nature of mining operations.
Due to severe local economic conditions and sanctions, many Iranians are mining Bitcoin to survive financially. Estimates of mined Bitcoin vary widely, with experts suggesting holdings could range from 60,000 to 200,000 BTC.
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