Iranian news agency Mehr News reported that the Iranian government has allowed the mining of cryptocurrency and now it will be considered one of the types of production activities.
Mining should be licensed from the Ministry of Industry, Oil and Commerce.
Crypto-mining, like other industrial activities, is subject to taxation if the recipient of the cryptocurrency is not exported and the income is not returned to the country.
Despite the fact that the use of digital money in domestic operations is not allowed, the decision of the government should be considered a sequential step towards the legalization of cryptocurrency in Iran.
As previously reported, the Central Bank of Iran (CBI) has already approved the release of state-owned gold-plated cryptocurrencies. This project was called Paymon. Considering that cryptocurrencies can be used as a means of mitigating the effects of tough economic sanctions imposed by the United States against Iran.
Check out the recent video you can see on the screen. Just in case, I left the link below the video.
Iran is considered one of the most attractive regions for crypto mining because of the low cost of electricity, which is currently about 2 cents per kilowatt-hour, according to Mehr News.
However, the same article states that the government set the price at about 7 cents per kilowatt-hour.
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Antminer Z9 Mini from Bitmain company are possible to overclock for 60%. That unbelievable number makes us to forget about the threat to burn the miner CPU as the mining difficulty are growing so fast that it makes worth of the risk. You can make sure with the video that the temperature of ASIC miner are OK and due to the incoming high profit you can get your money back within 2 or 3 month instead of 4-6 month if you boost your Z9 up to 60% or even more.
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Sia coin can be the winner of the internet storage business one day. I see the future when the data are hosted no where else but on the decentralized Cloud storage like SIA that is currently has the biggest community in that area. Sia competitors are Storj and Burst, but the SIA technology is a way much more better one. The SIA gives you the opportunity to mark your own price if you want to give the part of your HDD and to pick the most relevant price if you want to buy it.
Today We received Antminer Z9 – the ASIC for Zcash mining. That mini baby has 10 ksol mining power that is the same as almost 15 the modest NVIDIA 1080TI video cards and cost about 2500 USD for the first batch.
The preorder for the second batch that will be shiped in September cost about a 1000 USD but it is more resonable to buy the first batch as I will be able to mine about 6 Zcash for the next 2 month. After the hash rate difficulty gonna grow dramatic.
In reality the ASIC Z9 mini doesn’t make so many sound. That is only at the start for 5 minutes. Later it is very quite!
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That station consist of four Asics: 2x Asic S9, Asic D3, Asic A3. At the moment earn up to 25 dollars per day. But we would start selling the mined crypto coins as early as in one year. By our forecast we expect Crypto market to be at least 10 times bigger then today. So it means we are making 250 USD per day 😉
We input the motherboard in the system and installed Ethos system on a inputted flash card and installed the Team Viewer on it, so we can control the station Remotely.
Had you ever happen changing the broken Power Supply? Had you ever happen rebooting your rig due to the hash rate drop? Off cause!
The sing is that regular computer power supplies can’t take the rig’s exhausting working regime and are burning as a result. That’s why I would suggest you to use the servers Power Supply such as ElTek. Take a look. That power monster can supply up to 20 modern video cards.
ASIC SiaCoin miner A3 is a 830 GH/s hash rate. It could happen the same like with Dash miner ASIC D3 when Bitmain sold so many miners D3 that the difficulty grew so much that now one D3 earns about 3 USD per day, so in the United States it can’t even cover the electricity cost. For now A3 miner earns about 9 USD per day. It was 15 USD last week. We will see what gonna happen later.
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Category: Mining | Comments Off on ASIC Antminer A3 – SiaCoin Mining ⛏️💰
Today I received the Bitcoin ASIC Miner S9 from Bitmain company. In total it cost me 3500 USD, Off cause for that money I better buy 0.6 BTC, but the sing is that this machine will help me to diversify my crypto investments as ASIC will be permanently earning every day no matter of the Bitcoin market price that will make my life easier in the moment of the Bitcoin market dump, when my investments are dumped as well. Besides that machine are worth something anyway.
Just take a look at the video and note how loud is that thing 😋