Thirty Bitcoin mining farms in Iran received operational licenses last week as the government softened its stance on the crypto market, local outlet Financial Tribune reported.
Bitcoin mining, for the uninitiated, uses up a massive computing system that solves millions of complex calculations each second to validate transactions on the Bitcoin network (a process known as ‘proof of work’).
Such a process, however, requires massive amounts of energy for the maintenance, cooling, running of the machines. The high requirements lead to widespread concerns among authorities, with some countries even eradicating the activity outright.
