Gaeilge said:
Don't agree with Grok here. Iran stops mining. Mined supply shrinks. Bitcoin at its current price is not economical to mine outside of Iran really. Prices should rise from reduced mined supply from Iran until it reaches profitability from production cost.
Mining companies are dropping like flies to get in on AI infrastructure and data centers. It's an 'easy' conversion for them.
Also, how much capacity does Iran have to mine Bitcoin? 95% is already in circulation
Why would Iran stop mining bitcoin? We think our strikes are really going to target and eliminate ~30% or more of their utility infrastructure? Isn't that what we're criticizing Russia for?