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Comment by cyanydeez | Hacker News Reader

"crypto mining isnt for qny country that has better things to do"

ftfy

Countries with large oil surpluses that they can’t sell because of embargoes because of their nuclear programs which they paradoxically don’t need because they have so much cheap oil.

They are still forbidden from selling that Bitcoin, too. Now, they may do so anyways in violation of international sanctions I suppose but, and I can't stress this enough, I don't think its a good idea for hostile hermit kingdoms to evade sanctions no matter how they choose to do so.

> Now, they may do so anyways in violation of international sanctions I suppose but, and I can't stress this enough, I don't think its a good idea for hostile hermit kingdoms to evade sanctions no matter how they choose to do so.

Because sanctions are for their own good, right? Sanctions aren’t a threat, they are the punishment.

Other countries/companies shouldn’t do business with sanctioned countries, but obviously a sanctioned country can only benefit by breaking the sanctions.

It’s like being in prison in the USA: it’s natural - and in the prisoner’s best interest should they succeed - to try to run away.

isn't nuclear energy much cleaner?

I don't think Iran is that big into crypto. If it were the clampdown would come sooner.

> LONDON, May 21 (Reuters) - Around 4.5% of all bitcoin mining takes place in Iran, allowing the country to earn hundreds of millions of dollars in cryptocurrencies that can be used to buy imports and lessen the impact of sanctions, a new study has found.

https://www.reuters.com/technology/iran-uses-crypto-mining-l...

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