Iran continues against illegal cryptos before mining, confiscated hundreds of mining rigs-mining Bitcoin messages

The authorities in Iran continue their efforts to contain the unauthorized mining of cryptocurrencies. The state electricity distribution company recently identified over a dozen underground crypto farms in Tehran and other regions, and hundreds of mining units that are illegally connected to the power grid.

energy supplier blows 14 crypto farms in houses across Iran

The Iranian government continues to go hard against non-licensed crypto mining operations. The State Iran Power Generation, Distribution and Transmission Company, Tavanir last week. The employees found the devices in 14 illegal cryptocurrency farms that were set up by households in different parts of the country.

The mining machines were found in apartments during Tavanir inspections, the supply company said, quoted by the Ibena news agency and the English -speaking business newspaper Financial Tribune. The coin in the provinces of Tehran, East-Saserbaijan, Isfahan and Khuzestan were discovered.

Mining cryptocurrencies has become a popular source of income for a growing number of Iranians. The government legalized the 2019 activity. Companies that want to work COIN coin calcent centers must obtain approval from the Ministry of Industry

While registered mining companies have to pay for the electricity they consumed at higher export prices, private consumers in Iran have access to subsidized budgetary flow. The available cheap energy and the increasing prices of cryptocurrencies in the past year have led to illegal mining farms.

Both authorized and underground crypto miners were largely held responsible for the shortage of electricity this summer when the exceptionally hot weather increased the electricity requirement. In May authorities a temporary ban on the entire cryptocurrency mining to reduce. Then, in August, Tavanir Complete on September 22nd when the temperatures sinked.

The electricity group confiscates the entire equipment of illegal miners and the Attorney General recently banned the release of confiscated hardware until the Iranian parliament decides on how to deal with non -registered cryptofarms and its operators. So far, Tavanir has taken possession of 221,390 mining devices and switch off 5.756 illegal Mining facilities. Their owners face fines for damage caused by the national sales network.

According to official estimates by the Iranian energy supplier, the crypto farms authorized by the Ministry of Industry currently consume around 400 megawatts (MW) electricity. At the same time, illicit miners are accused of burning almost 2,000 MW every day.

Tavanir has warned of possible power failures in the winter months if the electricity requirement increases in the face of the continuing pressure, which is exerted on the national power grid by illegal mining companies. "The increasing demand for electricity due to non-authorized crypto miners will probably lead to power outages this winter, even if gas consumption reaches its peak as in summer," the company said. She also complained that the current punishments are not hard enough to discourage illegal miners and demanded stricter measures.

Do you think that the Iranian authorities will be able to limit the unauthorized mining? Share your thoughts on this topic in the comments below.

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