After Bitcoins downfall, Crypto Mining is no longer Profitable for many Miners.

After Bitcoins downfall, Crypto Mining is no longer Profitable for many Miners. After Bitcoin prices fall, nearly 30% in the past week and hit a 13 month low of about US$ 4,500 according to data the total market value of cryptocurrency have slumped to the US $148 billion, which is less than one-fifth of its during the market’s peak in January. A clash among supporters of Bitcoin cash, the most successful Bitcoin offshoot, was largely blamed for the market meltdown. The world’s fourth largest cryptocurrency split into two distinct entities…

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Iran to accept Crypto Mining as an Industry

Iran to accept Crypto Mining as an Industry Iran’s Supreme Cyberspace Council revealed that various ministries of the country’s government have accepted crypto mining as an industry, local news agency IBENA reports September 4. The Cyberspace Council’s secretary Abolhassan Firoozabadi stressed that the mining of cryptocurrencies such as Bitcoin (BTC) has been approved as an industry by major government authorities. However, official legislation forming a legal framework for the industry has yet to be introduced in the country. ‘crypto mining has been accepted as an industry by Iran’s major authorities,…

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