Iran’s Bitcoin hashrate falls 77% over the past quarter amid conflict

Written by Stephen Katte, Staff WriterReviewed by Felix Ng, Staff EditorIran’s Bitcoin hashrate falls 77% over the past quarter amid conflict9 hours agoThe 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict.       Listen0: 00 Cointelegraph in your social feed           Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down global hashrate, according to a new report from Hashrate Index. Iran has lost roughly 7 exahashes per second (EH/s) quarter over quarter, said Ian Philpot, marketing director at Luxor Technology, in a report published Monday. The country’s hashrate now sits at about 2 EH/s according to the Hashrate Index heatmap. Philpot noted that while the regional conflict clearly impacted Iran, it could have triggered a ripple effect for neighboring countries such as the United Arab Emirates and Oman, yet so far, neither has been affected.  “The impact was contained to Iran; neighboring UAE and Oman remained stable. The global hashrate at ~1,000 EH/s persists because no single region has enough capacity to threaten network continuity.