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Full credit for this video to BitcoinNews.com who listed the information on this video on an article on their web site: https://bitcoinnews.com/?s=.comChinese%20Miners%20Struggle%20for%20Easy%20Ride%20in%20Iran
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Transcript:
0:00:00 Chinese Miners Struggle for Easy Ride in Iran
0:00:03 This replace is delivered to you by “CoinCheckup News Updates” and was initially printed on “BitcoinNews.com”.
0:00:10 Things aren’t turning out to be easy for Chinese Bitcoin miners heading into Iran to revenue from cheaper electrical energy charges.
0:00:17 Long earlier than China hinted it could contemplate halting Bitcoin mining tasks, the exodus started and Iran not too long ago grew to become a hotspot for miners together with components of South East Asia reminiscent of Vietnam and Cambodia.
0:00:28 China’s National Development and Reform Commission is now trying to siphon off a lot of industries which embrace cryptocurrency mining as a part of a state cleanup.
0:00:37 The Iranian enterprise for a lot of of these Chinese miners deciding to make the transfer has gone bitter, and experiences getting back from Iran spotlight a few of the points which have made the Middle East much less engaging than was at first perceived.
0:00:49 One subject has been getting the tools throughout the Iranian border.
0:00:53 One miner Liu Feng reported that the possibility of dropping tools on the border has change into frequent, with Iranian customs confiscating not less than 40,000 crypto mining rigs so far.
0:01:03 Some rigs may be sneaked by way of if offered as non-mining processors for these fortunate sufficient to have the ability to strike up a cope with customs officers.
0:01:10 The similar mining fanatic, Lui Feng additionally had issues pricing his electrical energy provide with an area provider after his provide tariff was doubled simply two months into operation.
0:01:20 A subsequent arrange resulted in offended locals complaining in regards to the noise emitted from his rigs, leading to miners being confiscated.
0:01:28 Despite these hurdles, Chinese Bitcoin miners are nonetheless optimistic that it will possibly get higher for them in Iran.
0:01:34 With the Iranian authorities now accepting crypto mining as a authorized exercise, Iran’s President Hassan Rouhani is behind a brand new cloud computing industrial park.
0:01:43 Also, there are rumors that Tehran might get behind the import of Bitcoin mining {hardware}.
0:01:48 Thanks for watching this video. If you wanna learn the entire article you possibly can go to CoinCheckup.com or go to: “BitcoinNews.com”, who initially printed this information replace on their web site.
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