It's not that much different then when it happens in Texas when they run short on power:

https://www.prnewswire.com/news-releases/texas-bitcoin-miners-turn-off-to-conserve-power-for-the-grid-301547420.html
https://www.theblock.co/post/151084/bitcoin-miners-in-texas-have-been-powering-down-amid-heatwave-and-record-electricity-demand

It's pseudo voluntary in TX unlike Iran where they are made to do it. 

For us, it looks like a big deal. But many heavy industries across many countries have always had to cut power use during high demand times.
We have seen manufacturing plants running overnight instead of during peak demand times during the day in certain locations for years. It's just different for miners since mining is 24/7

-Dave

i also read the news from https://cointelegraph.com/news/iranian-government-to-cut-power-supply-for-the-country-s-legal-crypto-mining-rigs
i dont know but we can see cut electricy for miner in china and then kazakhstan and now iran but this time is different right they cut for legal because of this

"Due to international sanctions, Iran lacks the investment needed in power generation capacity and natural gas production to keep up with consumption. On the other side, demand is soaring partly because due to the country's extremely low electricity prices. Average household electricity in Iran costs as little as $0.005 per kilowatt-hour (kWh), a fraction of the $0.024 per kWh in its neighbor Iraq and $0.159 per kWh in the United States. For political reasons, the Iranian government spends over $60 billion annually in indirect subsidies to depreciate electricity prices"

It is badly merging two different statements.
1. Iran is always fighting illegal miners who are mostly stealing electricity to mine cryptocurrencies (with basically free electricity). The operation against them is always intensified during summer since the electricity consumption naturally grows a lot.
2. Power is supposedly going to be cut for undefined period to legit miners with licence like some other industries to pre-plan for the natural increase in electricity consumption.

That is nonsense. Iran has the biggest gas reserves in the world and is currently extracting the highest amount per day, that is more than we can use and most of it is being exported.

The problem is that manufacturing of new power plants hasn't been as fast as speed of consumption increase. For example the construction of the 2 new nuclear power plants would take another year to finish which is normal but still it can't keep up with the consumption. There are 2 more under construction that would take longer than that.

That is partially nonsense. Energy in Iran has always been cheap because we have the biggest reserves in the world and extraction of it is easy and the quality is high (eg. the oil is light and doesn't need much effort to extract). Also due to exchange rate and the sudden drop of it 4-5 years ago the cost becomes a lot smaller when converted to dollars.

Yeah, there's too much going on right now, to deem anything as causation. Even if we could it pick out things, we wouldn't be able to narrow it down, and with confidence say x, and y caused the drop. I imagine Bitcoin will hang around the current price for a while, at least within a few thousand of the current price. 5% can be deemed quite a lot in certain things, but for a drop in the mining share, probably isn't a massive problem, especially in the long run.

A little more accessible to people who can't afford x amount of hash rate also. Obviously, difficulty will adjust, and mitigate that. I think the main problem has been that mining in the West, at Western electricity costs, meant there wasn't many doing it in the West, and usually either resorted to offshoring their machines or looking for alternative energy methods.

i am with their government as well. if they want to earn money from crypto in legal way, they should pay their electricity. so it is just right that illegal miners are cut off with electricity. because if not, their government will pay for those stolen electricity while the miners can earn using free electricity. so yeah, this is not fair at all.
and since the % is just small, i don't think it will significantly impact the bitcoin's price. and these miners that were cut by electricity, they will now force to pay in order to continue their business, which they should do to begin with.

You can check out the significance of that move by looking at the chart here: https://www.blockchain.com/charts/hash-rate

You can see there was not much of a downfall before January 2021. The hash rate kept going up to reach an all time high this May . It's rather the price trend that's affecting the mining business. The more valuable Bitcoin is, the more profitable it is to mine it. You can see that there was a sharp drop this month when Bitcoin took a dive and we went below the level of miner capitulation. It's like they started to shut down some of the least profitable equipment when they went too much into the red.

What a surprise, a totalitarian government that brags every day about how powerful their country is and how advanced and what technology they possess is shutting down miners because, well, in reality, they don't have are capacity for a few MW, remember that the 600MW was the overall consumption including illegal mining, so the grid is destroyed by 200MW now? They have found the culprit for their 40% inflation. 
Just as they have solved the food crisis by shooting protesters that are demanding food, not they are solving the energy problem, shutting down 0.10% of the hashrate will surely solve everything.



China style!


And a tiny difference that only the Whinstone farm, even before full completion, consumed more power than what their ministry says all miners in Iran did.

I think that what Iran has done is normal during times of peak demand for electricity during the summer, there are many countries that have taken similar steps to preserve electrical energy to operate factories and vital economic facilities that are necessary for the continuation of the economy in the country, so this step cannot be hostile towards mining Specifically, this is a temporary measure and I believe that 5% of the network power that miners in Iran provide will not have an impact on the strength of the network or the price of Bitcoin.

I would say this was definitely not the cause though. I mean FED increasing the rates literally caused people to withdraw billions of dollars from crypto easily, how could Iran cutting electricity to miners would have the same impact as that? I am not saying FED is the main reason, but there were pretty big things compared to what Iran did.

We are in a free market where the price only drops when people sell, there is no outer reason for it, there is no crash that is forced by anything, it is just us selling and that's it. It means that whatever is the reason why people sold, that is their business and only they would know, everyone could have a different reason.