Bitcoin Mining in Iran: $1,320 Cost vs. $68k Profit?!

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If Bitcoin mining were a game show, Iran would be the contestant who cheated, won the jackpot, and then tried to sell the host a timeshare in the Sahara. As the rest of the world grapples with mining costs that could fund a small war, Iran’s miners are sipping tea and laughing at spreadsheets.

In early 2026, mining a Bitcoin in Iran costs roughly $1,320-about what you’d pay for a decent bottle of wine and a therapist’s annual retainer. Meanwhile, Bitcoin trades near $68,000, which means the profit margin is so wide you could drive a truck through it. That’s a 50x return, folks-a number so absurd it makes Elon Musk’s tweets look tame.

The Secret Sauce: Electricity (Heavily Subsidized)

Bitcoin mining relies on machines that guzzle electricity like a desert humpback. The good news? Iran’s government seems to think the power grid is just a suggestion. Industrial electricity costs as little as $0.005 per kilowatt-hour-roughly the price of a single grain of saffron in Tehran. Mining a Bitcoin here consumes 2,000-3,000 megawatt-hours. At those rates, it’s like paying $1,320 to conjure a $68,000 Lamborghini out of thin air.

Compare that to the U.S. or Europe, where miners might spend $40,000 to $100,000 per coin. It’s the crypto equivalent of ordering a cappuccino in Rome and paying for it in Zimbabwean dollars.

Analysts like Money Ape have gleefully noted that Iranian miners could pocket over $66,000 per Bitcoin. Bull Theory, meanwhile, is probably just happy they’re not covering the story in a language that requires a dictionary.

But Wait-There’s More (And Less)

Iran legalized Bitcoin mining in 2019, partly to bypass sanctions and partly because they ran out of excuses. Licensed miners get to play by the rules: mine Bitcoin, hand it to the Central Bank, and call it a day. The catch? The bank doesn’t let you keep the cash. It’s like winning a lottery ticket, only to find out the prize is a coupon for state-owned cheese.

Still, up to 90% of mining in Iran happens illegally. Miners siphon power from residential grids or whatever they can find, because why not? The risks? Authorities occasionally show up with handcuffs and a fondness for dramatics. It’s the crypto version of playing Russian roulette with a calculator.

And then there’s the small matter of blackouts. Mining has strained Iran’s grid so badly that cities occasionally go dark. The government’s solution? Raids, shutdowns, and a charming mix of “we’re sorry” and “you’re fired.”

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FAQs

How much does it cost to mine one Bitcoin in Iran?

As of early 2026, it’s about $1,320, thanks to electricity so cheap it’s practically free. If you’re worried about the bill, don’t. The government probably forgot to send it.

Why is Bitcoin mining so cheap in Iran?

Boldly subsidized electricity, mostly because the government thinks it’s a good idea. Industrial rates are so low they make your gym membership feel like a luxury.

Is Bitcoin mining legal in Iran?

Technically, yes-but only if you’re okay selling your coins to the Central Bank. It’s like legal, but with more bureaucracy and fewer freedoms.

What are the risks of mining Bitcoin in Iran?

Imagine a game of Jenga with a time bomb. There’s regulatory chaos, equipment seizures, and the occasional blackout. It’s the crypto equivalent of juggling lit matches in a gas station.

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2026-02-23 16:17