Page 54 - IRANRptOct20

Bitcoin power consumption need not blow your brains - yet
Separately, Iranian Minister of Roads and Urban Development Mohammad Eslami and Azeri Minister of Transport, Communications and High Technology Ramin Guluzade met last week, Fars News Agency reported.
Cross-border trade, significantly disrupted by border closures and other difficulties due to restrictions introduced to fight the coronavirus (COVID-19) pandemic, was reportedly high on the agenda.
"Given the numerous fields of cooperation in roads, transportation and other areas, we can help strengthen cooperation between our two countries," Eslami said.
Russia, Kazakhstan and Iran, take a bow (or perhaps bury your head in shame from the environmental perspective) for making the top 10 for Bitcoin hashing on the​ ​Cambridge Bitcoin Electricity Consumption Index. Those mining Bitcoin—a decentralised digital currency without a central bank or single administrator—refer to the “hashrate”. Put simply, the hashrate is a measure of the computing power people plugged into electrical grids around the world are contributing to the mining.
And​ ​here​ and below is that top 10 as calculated by a study from the Cambridge Centre for Alternative Finance at the University of Cambridge’s Judge Business School.
Assessing just how much electricity the 11-year-old global Bitcoin mining industry—with its peer-to-peer electronic cash system—is consuming, the study settles on an annualised estimate of 7.46 GW, equivalent to around 64.83 terawatt-hours of energy consumption (slightly more than the Czech Republic, at 62.34 TWh per year, and Austria, at 64.60 TWh per year consume).
9.2 ​Major corporate news 9.2.1​ Oil & gas corporate news
Iran adds 420mn cubic metres of gas extraction to South Pars recovery under Rouhani
The CEO of Pars Oil and Gas Co. (POGC) has said that the company has increased gas extraction from the giant South Pars gas field in the Persian Gulf by “420mn cubic metres a day” under the current administration, SHANA reported.
The entirety of South Pars in the Persian Gulf, shared by Iran and Qatar, is thought to comprise the largest gas field in the world. However, the development of the field in Iranian waters has been hampered by US sanctions imposed on Tehran. In August 2018, sanctions put an end to French energy major Total’s planned participation in South Pars hydrocarbon extraction.
54​ IRAN Country Report October 2020 www.intellinews.com