Will Iran War Threaten Bitcoin Hash Rate? Conflict Looms Over Tehran’s Bitcoin Miners

Bitcoin hash rate falls after United States struck nuclear facilities inside Iran. Will computing power recover or more slides expected if the Iran versus Israel war continues?

On June 22, two events took place, one of which was unexpected. When the United States struck Iranian nuclear facilities, Bitcoin prices dropped as anticipated, but the accompanying collapse in the Bitcoin hash rate was unforeseen.

Hashrate dropped right after Israel's initial strike on Iran. It's not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran's power grid and disrupted some of their mining operation.

Can't say whether disrupting…

— daniel

Tags: