Iran's Bitcoin Hashtag Role: A Critical Component in Global Mining Operations
Iran's involvement in global Bitcoin mining operations is often overlooked, despite contributing an estimated 2-5% of the world's hashrate.
With a significant portion of the country's electricity supply allocated to licensed miners, Iran's grid stability and potential disruptions are critical factors for the cryptocurrency market.
If Iran were to suddenly lose its hashrate due to a grid outage or other disruptions, it could lead to reduced block times and temporary fee increases before the network adjusts.