Nearly power plant in Armenia is said to have crypto hosting farms-mining Bitcoin messages
Nearly power plant in Armenia is said to have crypto hosting farms-mining Bitcoin messages
Armenia will invite cryptocurrency scrapers to install their coin pre -obtained in an old heating power plant. The TPP is closed and the government intends to rent it to industrial companies, including mining companies.
miners are welcome to set up data centers in the old TPP in Armenia
The equipment of the hrazdan TPP is considered outdated and inefficient and produced, and the authorities in the poor have decided, the old strength in close future switch off. His premises and infrastructure, including power lines, water and gas pipes, are offered to other, more profitable companies.
The plan for renting the old thermal station was approved on Wednesday at a meeting of the Commission to regulate public services, Sputnik Armenia reported. A company that produces cooling units has already prompted the transfer of part of its production to the TPP, as the news portal revealed.
In another part of the work, a free trade zone called ECOS was set up, which is now open. Companies involved in the extraction of digital currencies can build their crypto farms in this area. A law to legalize crypto mining in Armenia was introduced in 2018.
Even after the Hrazdan heating power plant, mining systems will have sufficient electrical energy. A new thermal power plant with four electricity generation blocks, Hrazdan-5, was built near the Russian giant Gazprom. In November 2021, another TPP was completed by the Italian company Renco and the German Siemens.
With the state -owned thermal power plant Jerewan, Armenia now has three modern thermal power plants. The report states that the electricity you produce is more expensive than the energy that is produced by hydropower plants and the Armenian nuclear power plant west of the capital.
However, the small nation in the Caucasus exports around 75 percent of its electricity to neighboring Iran, which supplies Armenia to generate of electricity with cheap natural gas. This cooperation will be expanded in 2023 after the construction of a new transmission management between the Armenia and the Islamic Republic
The mining of cryptocurrencies developed in Iran, which recognized it in 2019 as a legal industrial activity. The energy requirement of the sector has also increased, and both licensed and illegal miners were held responsible for the country's growing electricity deficit last year.
In May the then President Hassan Rouhani A temporary ban on the Crypto mining in the face of increasing demand and inadequate power supply due to the exceptionally hot weather and the droughts. Tehran The restrictions in September when the power consumption decreases in cooler weather Target = "_ blank" href = "https://news.bitcoin.com/iran-orders-randers-crypto-miners-to-stop-to-pent-winter-blackouts/" Rel = "noopener"> reinstated to avoid power outages in winter.
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