Mining Exodus: Iran’s Hashrate Plummets 77%! 📉
The global mining landscape is shifting as geopolitical tension and price pressure squeeze smaller players out.
🇮🇷 Iran: Dropped from 9 EH/s to just 2 EH/s in one quarter.
🌍 The Big Three: US, Russia, and China now control >65% of the network.
🔌 Efficiency: ~252 EH/s of older hardware is now offline globally.
Despite Iran losing nearly 427,000 rigs' worth of power, the Bitcoin network didn't flinch. Total hashrate stayed near 1,000 EH/s. This proves the network's "Anti-Fragility"—when one region goes dark, the rest of the world absorbs the load.
Is mining becoming too concentrated in just three countries? 🤔