Inside the Iranian Bitcoin mining industry – Cointelegraph Magazine

ViraMiner is an Iranian company that sets up Bitcoin mining farms and maintains them. It has two offices in western Tehran, located in separate adjacent buildings.

When Magazine visits, its old office is busy on a Monday afternoon. This place is now officially dedicated to its repairing services alone.

Mining devices are stored upon each other in yellow, green and red shelves raised against a wall facing the company secretary’s desk. Across the entrance, there is a busy repair room where devices are opened. Power supplies, hash boards and control boards are passed around, discussed and modified.

Bitmain Antminer and MicroBT Whatsminer are a specialty for repairs by the company, whose personnel are all young tech enthusiasts. Mina Jahanbakhshi, one of the three female employees present there, gives a tour around the office and leads me to a room next to the repair section, which is being prepared for new employees who have been hired to help the company keep up with its growing demand.

Electricity consumption peak in Iran’s hot summer has just passed and a presidential ban on power-intensive crypto mining has recently been lifted. The company, therefore, expects busy days ahead.

White new desks are put next to a wall toward the end of the quiet room and the extra repairing equipment has yet to arrive.

“The waiting period for repairing equipment is currently two weeks,” she says. “We are adding new personnel to speed up the repairing process.”

Mining has grown significantly in Iran over the past few years.

“People are getting more familiar with mining,” Jahanbakhshi says. “It’s an interesting and attractive field. It is growing worldwide, and likewise in Iran.”

 

 

ViraMiner is an Iranian company. (Supplied)

 

Small community

As another sign of a growing business, the company is preparing an additional office in a separate building nearby. The air in the under-construction workplace is teeming the odor of fresh paint.

Omid Alavi, ViraMiner’s CEO, is having a meeting a few steps from construction workers doing plasterwork on the walls.

There is no place to have an interview, so we move to the…

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