The effect of currency code extraction on electricity consumption and air pollution
The production of each bitcoin is equal to the annual electricity consumption of
24 households and consumes 35 million Tomans of electricity subsidised money.
The subsidy for each kW of electricity is 5,000 Rials, which means that the
production of a bitcoin unit costs about 350 million Rials with government subsidies, or about $2,700, which if calculated at the global price of electricity would be more than $10,000. In other words, despite valuing $33,000, the production of each bitcoin unit imposes heavy side effects on the
electricity network of Iran, the citizens’ health and also the environment. It is, in fact, equal to the annual electricity consumption of 24 households in Iran.
In recent years, due to the low rate of
electricity prices in Iran, the status of
currency code extraction has become one of the country’s critical problems and has increased electricity consumption in some parts of the country. Instead of being used in industrial production, some people have used various sheds and buildings that had three-phase electricity and industrial
electricity in the field of currency code
mining.
By building devices and computers, and
installing air conditioning fans and
cooling devices, they have been trying to extract the currency code 24/7 and take advantage of the high price of bitcoin and other cryptocurrencies, the price of which has increased to $33,000 in recent days.
However, the issue is not limited to the use of industrial electricity but also the growth of electricity consumption in the industrial
sector and high voltage and three-phase power plants. As it happens, home computers or computers at work are also extracting currency and electricity codes around the clock. Even in recent weeks, some
pyramid schemes have been formed and many people have announced during contact with friends and acquaintances that “you can use
pyramid schemes to extract currency
passwords without paying and only by
consuming electricity and turning on
computers and launching software”.
The current method of extracting the
currency code for bitcoin has caused a lot of temptation, which has resulted in increasing the country’s elecricity consumption even in winter.
Therefore, one should note that those who extract currency codes for their own
benefit, or have high electricity consumption, turn on unnecessary lights or use electric heating devices in this season, are actually increasing mazut consumption and air pollution for their compatriots, something which leads to headaches,
shortness of breath and more health problems caused by air pollution.