The ban was announced on State TV on Wednesday and it is effective immediately, until September 22. This ban is amidst a growing unease over cryptos energy usage.

 

The ban follows a regional ban placed on Bitcoin by China. Iranian officials are blaming a surge in mining for blackouts in their cities.

 

The Iranian government has been cracking down on the 85% of mining that is unlicensed. Subsidised power prices allow miners to run the complex computers that compete to solve mathematical problems and receive Bitcoin as a reward.

 

The University of Cambridge estimates Iran was home to 3.4% of Bitcoin mining in the first four months of 2020, putting it in sixth place globally.

 

Iran has 50 licensed mining centers, which are spread across 14 31 provinces and consume a combined 209 megawatts of electricity, grid operator Tavanir said in a statement on Wednesday, according to the semi-official Tasnim news agency.

The former senator that represented the good people of Kaduna Central Senatorial Zone, Senator Shehu Sani has once again spoken.

According to a tweet he made on his verified twitter handle earlier today, he revealed that someone asked him where he can buy the recently launched made in Nigeria phones.

It should be recalled that President Muhammadu Buhari received made in Nigeria cell phone known as ITF Mobile some months back. Since then, we have heard little or nothing about the made in Nigeria cell phone.

This is really a funny one from Shehu Sani. So if you really know where Shehu Sani can get the made in Nigeria cell phone, please you should contact him and tell him where he can get the made in Nigeria cell phone.

Nevertheless, I really think that the time is due for Nigeria to start producing phones, so that we can stop importing phones from other countries.

What is your take on this? You can drop your comments and opinions below.