Cryptomining madness: massive power outages in Iran

Geralt of Sanctuary

Cryptomining madness: massive power outages in Iran

Cryptomining, Iran, madness, Massive, outages, power

Crypto mining farms in Iran are said to consume up to 450 megawatts - as much as a nuclear reactor supplies.
Crypto mining farms in Iran are said to consume up to 450 megawatts – as much as a nuclear reactor supplies.

Ever since the gigantic mining rig with 78 RTX 3080, crypto miners have been a thorn in the side of many gamers, after all, they are sometimes a reason for the shortage on the graphics card market. Here, however, the emphasis is on “sometimes”, because there are numerous other reasons for the poor delivery situation of the new Geforces and the new Radeons.

For the people of Iran, however, cryptomining is said to pose a much more fundamental threat. Like from one Report from Wccftech shows, crypto miners are causing massive power outages in the Islamic Republic. What exactly is going on?

Opinion: The discussion about crypto mining is revealing for both graphics card manufacturers and us gamers:

Crypto mining: a debunking discussion


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Crypto mining: a debunking discussion

As much electricity as Kaiserslautern: According to Wccftech, Iranian authorities have come across crypto mining farms while investigating the root causes of power outages. However, it should not be about insignificant small plants, but about really large companies, which are equivalent to a large city with 100,000 inhabitants in terms of energy requirements.

The peak consumption should be 450 megawatts, with an average of 300 megawatts. That is as much as one of the Greifswald nuclear reactors decommissioned in 1990 delivered.

Iran as a destination for crypto miners

There are currently 14 large crypto mining farms in Iran, making the Islamic Republic the sixth most popular location for this endeavor in the world, according to Wccftech. The reason for this is the extremely cheap electricity, which miners only pay 2.2 US cents per kilowatt hour. That is just 0.4 cents above the production costs.

The report does not reveal how the miners can get electricity so cheaply. For the normal population, however, electricity should be much more expensive. Which graphics cards are involved is also unclear. However, they should be regular models that are also used by gamers – normal, modern Geforces and Radeons like an RTX 3080 or RX 6800 XT.

Hardware guides on GameStar Plus

As if by a miracle you got an RTX 3080 or RX 6800 XT, now all you need is the right computer to bring the performance to the road? In our plus guides you can find out where you can still wait with an upgrade and where there is an urgent need to catch up.

Notebooks on the shopping list: In the meantime, by the way, notebooks with the new RTX 3000 are also to be bought up in large numbers by the miners in order to cover the need for computing power.

Crypto mining three years ago: What worries we caused the first wave of crypto mining in 2017, learn in the GameStar Talk:

Crypto mining & graphics cards - why bargain hunters are the big losers - GameStar TV





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Crypto mining & graphics cards – why bargain hunters are the big losers – GameStar TV

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