Crypto mining is a process that requires a lot of electricity. For this reason Iraniangovernment seized more than 9,000 cryptomining devices to avoid the electricity crisis.
Iranian media organization Iran InternationalAccording to the news of Tehran Electricity Distribution Companyhead Kambiz NazerianIn a statement he made recently, he stated that the police found all energy-consuming devices placed in the areas of Iran’s capital, Tehran.
The country has been continuously detecting illegal mining activities in different cities of Iran for the past few years. Usually, these mining operations are carried out in public places, such as mosques and schools, where the majority of these mining operations are provided by the state, with subsidized or free electricity.
Crypto Mining Increases Electricity Demand
In the Cambridge Bitcoin Electricity Consumption Index report, Iran’s in March last year bitcoin It is stated that it contributes to 7.5 percent of the hash rate. Despite being an oil-rich state, the country faces power outages and water shortages.
In May, Iranian authorities took steps to contain the rising electricity demand and banned all mining activities in the region for four months. This ban will be lifted in September, but the authorities have already cut off the electricity to 118 licensed mining platforms to meet the electricity demand in Iran during the hottest months of summer.
In addition, the country identified and seized 45,000 application-specific integrated circuit machines at the beginning of last year. In addition, the state-run energy provider ceilingcontinued its operations using subsidized electricity.
Iranian authorities also imposed restrictions on mining farms in the summer and winter of the previous year. In addition, while illegal miners were restricted, licensed platforms were free to disobey the rules.
