Bitcoin Causing Blackouts in Iran?

Or just a useful scapegoat!

Photo by Dmitry Demidko on Unsplash

Iran in January was plagued by power shortages and smog. One culprit, as the government claimed was Bitcoin. Large scale industrial mining of bitcoin across the republic was leading to pollution as well as shortages. Bitcoin mining needs a lot of computer processing that is powered by electricity. Also, these computers need to be kept cool and that uses…