Energy Crisis and Cryptocurrency Mining
's capital and provinces experienced rolling power blackouts in October and November, disrupting daily life and businesses, with some suspecting cryptocurrency mining's role in the outages.
The surge in bitcoin's value, reaching $100,000, coincided with the blackouts, raising concerns that unauthorized mining operations, exploiting subsidized electricity, contributed to the energy crisis.
Government Response and Public Impact
Iran's government, facing international sanctions and mismanagement, has struggled with low fuel reserves and aging power plant equipment, exacerbating the electricity shortage.
President urged energy conservation, highlighting the need to consume energy economically, while critics question the allocation of resources amid the blackouts.