{"id":27566,"date":"2019-06-28T18:45:48","date_gmt":"2019-06-28T18:45:48","guid":{"rendered":"https:\/\/www.threatshub.org\/blog\/irans-blame-it-on-bitcoin-leccy-shortage-probably-isnt-a-us-hack-cover-story-yet\/"},"modified":"2019-06-28T18:45:48","modified_gmt":"2019-06-28T18:45:48","slug":"irans-blame-it-on-bitcoin-leccy-shortage-probably-isnt-a-us-hack-cover-story-yet","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/irans-blame-it-on-bitcoin-leccy-shortage-probably-isnt-a-us-hack-cover-story-yet\/","title":{"rendered":"Iran&#8217;s blame-it-on-Bitcoin &#8216;leccy shortage probably isn&#8217;t a US hack cover story&#8230; yet"},"content":{"rendered":"<p><strong class=\"trailer\">Comment<\/strong> Iran claims that recent surges in electricity demand, leading to blackouts and brownouts, were caused by too many cryptocurrency miners\u2019 power-hungry machines being hooked up to the national grid \u2013 though all may not be as it seems.<\/p>\n<p>Radio Free Europe reported that Iranian energy ministry spokesman Mostafa Rajabi blamed alt-coin miners for making the Middle Eastern nation\u2019s electrical grid \u201cunstable,\u201d blaming them for a seven-per-cent jump in power demand during most of June.<\/p>\n<p>\u201cRajabi said the power for mining each Bitcoin equaled the power used by 24 residential units for an entire year,\u201d <a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.rferl.org\/a\/the-bitcoin-bite-iran-says-power-grid-hit-by-cryptocurrency-mining-surge\/30024290.html\">reported<\/a> RFE. The news outlet added that Iran is a hot destination for cryptocurrency mining thanks to cheap electricity and official tolerance for Bitcoin as a way of bypassing US-led sanctions on Iran.<\/p>\n<p>&#8220;Mining these currencies inside Iran will not only prevent money from leaving the country, it will also create currency under the difficult conditions of sanctions,&#8221; Mohammad Shargi of Iran\u2019s Bitcoin Society reportedly said.<\/p>\n<p>The electrical spike, however, comes just a week after Iran <a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2019\/06\/20\/2036794\/irgc-reveals-more-details-of-downing-us-drone\">shot down<\/a> a US RQ-4 Global Hawk spy drone, which was being flown either very close to or within Iranian airspace depending on whose version of events you believe. Although the Trump administration claimed to have planned a retaliatory military strike and called it off at the last minute, America does maintain what militaries call an \u201coffensive cyber capability\u201d \u2013 aka hacking.<\/p>\n<div class=\"promo_article\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/regmedia.co.uk\/2018\/12\/21\/shutterstock_us_iran.jpg?x=174&amp;y=115&amp;crop=1\" width=\"174\" height=\"115\" alt=\"Flags of US and Iran\"><\/p>\n<h2 title=\"Tehran's hackers are 'wiping' infected machines as tensions spike, fresh sanctions approved\">Iran is doing to our networks what it did to our spy drone, claims Uncle Sam: Now they&#8217;re bombing our hard drives<\/h2>\n<p><a href=\"https:\/\/www.theregister.co.uk\/2019\/06\/24\/iran_cyberattacks_america\/\"><span>READ MORE<\/span><\/a><\/div>\n<p>Just 10 days ago Russia <a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.bbc.co.uk\/news\/technology-48675203\">grudgingly admitted<\/a> that <a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.nytimes.com\/2019\/06\/15\/us\/politics\/trump-cyber-russia-grid.html\">news reports<\/a> of US state-backed hackers planting backdoors into its electrical grid contained a \u201chypothetical\u201d possibility. Unusually, American officials confirmed to the US New York Times newspaper that they were using offensive techniques against the Russian grid.<\/p>\n<p>On the flip side, the US has also, in the past, accused the Russians of <a target=\"_blank\" href=\"https:\/\/www.theregister.co.uk\/2018\/07\/24\/russia_us_energy_grid_hackers\/\" rel=\"noopener noreferrer\">hacking their grid<\/a>.<\/p>\n<p>Given previous history that the US and Iran have over cyber warfare \u2013 including an American claim earlier this week that Iranian cyber-raiders were <a target=\"_blank\" href=\"https:\/\/www.theregister.co.uk\/2019\/06\/24\/iran_cyberattacks_america\/\" rel=\"noopener noreferrer\">digitally trashing<\/a> anything American and vulnerable that they could find, it\u2019s not beyond the realms of possibility that the US has responded in kind. While power surge-inducing attacks have been theorised about for years, in the context of <a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.usenix.org\/conference\/usenixsecurity18\/presentation\/soltan\">hacked IoT devices<\/a>, there\u2019s no particular reason why an attack aimed at maxing PC power draw couldn\u2019t have disruptive effects at national scale if timed right.<\/p>\n<p>Even if Iran\u2019s lights don\u2019t go out, keeping the nation\u2019s chiefs occupied with domestic matters may be a handy foreign policy tool for the US.<\/p>\n<p>While Iran has only blamed Bitcoin miners for their grid power surge, electricity generation seems to be a topic of great national concern: on the same day as the Bitcoin miner story was reportedly first published by an obscure Iranian agency, state-controlled Iranian English-language channel Press TV <a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.presstv.com\/Detail\/2019\/06\/26\/599475\/Iran-electricity-bitcoin-US-sanctions-energy\">boasted<\/a> of new generation capacity coming online. \u00ae<\/p>\n<p class=\"wptl btm\"><span>Sponsored:<\/span> <a href=\"https:\/\/go.theregister.co.uk\/tl\/1842\/-7432\/balancing-consumerization-and-corporate-control?td=wptl1842\">Balancing consumerization and corporate control<\/a><\/p>\n<p>READ MORE <a href=\"http:\/\/go.theregister.com\/feed\/www.theregister.co.uk\/2019\/06\/28\/iran_bitcoin_electricity_demand\/\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>But just imagine Stuxnet: Consumer Edition Comment\u00a0 Iran claims that recent surges in electricity demand, leading to blackouts and brownouts, were caused by too many cryptocurrency miners\u2019 power-hungry machines being hooked up to the national grid \u2013 though all may not be as it seems.\u2026  READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":27567,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[63],"tags":[],"class_list":["post-27566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-register"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Iran&#039;s blame-it-on-Bitcoin &#039;leccy shortage probably isn&#039;t a US hack cover story... yet 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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