Iran allows renewable power plants to supply crypto miners with electricity-mining Bitcoin messages

The authorities in Iran have decided to allow electricity generation plants from renewable sources to sell electricity to licensed cryptocurrency miners. The step took place after the government had asked for mining companies to stop their activities to avoid winter failures.

crypto miner in Iran to digitally for mine coins use of renewable energies

regulated companies that reduce cryptocurrencies in Iran are given access to green energy, local media reported. The Ministry of Energy in Tehran has issued new rules that enable power plants to supply electricity from renewable sources.

"Legal Miners can make agreements with renewable power plants at negotiable conditions and tariffs," said Mohammad Khodadadi, head of the tavanir Department responsible for the mining, said the ISNA news agency. He also emphasized that the Ministry of Energy would play a role in determining the exact tariffs.

tavanir, the Iranian electricity generation, distribution and transmission company, is the state's state energy supplier, which recently ordered authorized miner to separate their devices from the network. The measure is part of the efforts to prevent power failures because the energy requirement increases with falling temperatures.

The Ministry of Energy has been trying to reduce the use of liquid fuels for generation since the last month, Tavanir's spokesman Mostafa Rajabi Mashhadi recently told the state broadcaster Irib. The closure of licensed crypto farms is part of a series of measures to avoid electricity bottlenecks this winter.

Iran legalized Bitcoin mining in 2019 and introduced a license system for companies that work in the industry. Registered crypto farms buy electricity to higher exports and many Iranian miners avoid the mandatory registration to benefit from subsidized budget prices.

In May the then President Hassan Rouhani A temporary ban on the Crypto mining in view of the increasing demand for electricity and inadequate care due to the exceptionally hot weather and the droughts. Authorized mining companies were also held responsible for the scarcity.

The country's crypto community criticized the restrictions after legal miners are estimated to consume only around 300 megawatts a day, while underground crypto farms burn ten times more. The ban was lifted in September went back.

TAVANIR takes action against illegal mining companies all year round. Iranian media announced in November that the supply company had confiscated over 220,000 mining machines and