The List of the World’s Top Cryptocurrency Producing Countries Continues to Grow. With the arrival of Iran, the list of the world’s most crypto money producing countries has become clear. The world’s largest crypto money producers were determined in the first 7 rows.
It has been announced that Iran is one of the 7 countries that produces the most crypto money in the world, along with China, Russia, USA, Kazakhstan, Canada and Iceland due to its discounted electricity tariffs.
Mohammed Hudadadi Behlül, who is the head of the electricity supply unit to the crypto money production centers within the Iranian Electricity Production and Distribution Company, made a statement about the production of crypto money in the country. Behlül stated that his country is one of the 7 countries that produce the most crypto money in the world, along with China, Russia, USA, Kazakhstan, Canada and Iceland, due to the discounted electricity tariffs, and said that this causes the consumption of high amount of electricity energy.
Explaining that they have confiscated 196,233 unauthorized crypto money production devices in Iran so far, Behlül stated that the electricity consumption of these devices is more than 570 megawatts and an 800 megawatt power plant should be established to meet this. Behlül stated that the electricity consumed for the production of a bitcoin corresponds to the electricity consumed by 35 thousand households, and asked the public to notify the centers where unauthorized crypto money is produced.
Due to mass power cuts in Iran, Bitcoin mining activities in the country were suspended on the order of President Hassan Rouhani on May 26. The Bitcoin mining ban will last until September 22. In his statement on June 8, Rouhani said that necessary steps are taken to legalize cryptocurrency activities in the country and protect the capital of citizens investing in this space.
Most cryptocurrencies are produced in these countries
After the announcement that Iran is one of the 7 countries that produce the most crypto money in the world, along with China, Russia, USA, Kazakhstan, Canada and Iceland, due to discounted electricity tariffs, the world’s largest crypto money producing countries have become clear.
Nigeria takes the first place with 33 percent, followed by Vietnam with 21 percent and the Philippines with 20 percent. The countries that use the least cryptocurrencies are Japan and Denmark with 4 percent. Bitcoin, the most well-known cryptocurrency, has yielded more than 450 percent on the US dollar in the last year.
According to the research conducted by the World Economic Forum, the citizens of the countries that use crypto money the most in the world have been announced.
With the entry of millennials into the market as investors, the popularity of cryptocurrencies has increased day by day, especially in Africa and Asia.
In the research conducted on the world’s 74 largest economies, Europe, America, Asia and Africa, Nigeria ranked first in the use of cryptocurrencies with 33 percent.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.