Iran closes further illegal crypto farms and increases the total number to over 5,300-mining Bitcoin messages
Iran closes further illegal crypto farms and increases the total number to over 5,300-mining Bitcoin messages
The authorities in Iran continue their approach to the unauthorized mining of cryptocurrencies, since the demand for electricity is still high. So far, the country's energy supplier has closed more than 5,300 illegal mining facilities and has an enormous amount of coin-pregnancy machines.
energy suppliers confiscated more than 216,000 mining units of non -licensed miners in Iran
in Iran, where the electricity consumption is still higher than usual, the prevention of power failures remains a priority. Cryptocurrency miners, most of whom work without permission, were held responsible for electric shortage all summer. The hot weather this year led to an increased use of air conditioning systems, while the low precipitation negatively influenced hydropower production.
The Iranian company for electricity generation, distribution and transmission, tavanir , constantly pursues illegal mining companies across the country. According to a recently published report by the pension company, the state facility has closed 5,380 crypto farms.
TAVANIR also announced that it had confiscated 216,758 pieces of mining hardware, the English-speaking business newspaper Financial Tribune reported, citing the ISNA news agency. His estimates show that the non -licensed facilities together have electricity consumption that corresponds to that of 800,000 households or two million people.
The power distributor previously claimed that illegal miners use 2,000 megawatts of electrical energy a day. However, this number was recently refused from the industrial mining, mining and trade, which described it as "very exaggerated", since such a quantity would correspond to the electricity consumption of 3 million mining devices.
The Iranian government recognized the mining of cryptocurrencies as a legal industrial activity in July 2019. The authorities in Tehran have introduced the licensing for mining companies and the permits are issued by the Ministry of Industry. According to Tavanir, 56 authorized crypto mining farms need a total of 400 megawatts.
In May of this year, Iran A temporary ban on the entire cryptocurrency mining reduce the performance deficit. Then, in August, Tavanir September 22 in view of an expected decline in electricity demand towards the end of summer.
While the license regime has allowed dozens of mining companies to work legally in the Islamic Republic, the government has raised its electricity prices to meet export prices. Since April, authorized miners have been calculated 16,574 Rial ($ 0.39) per kilowatt hour, four times the original tariff. At the same time, illegal crypto farms use subsidized energy that is intended for households and other branches of industry.
With an installed total output of over 85,000 megawatts,Iranian power generation plants produce around 60,000 megawatts of electrical energy. According to Tavanir, the country's electricity deficit is at least 5,000 megawatts per day.
Do you think that cryptocurrency miners are responsible for the shortage of electricity in Iran? Share your thoughts on this topic in the comments below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons