The Mining Of Cryptocurrencies Has Been Banned For Several Months In Iran, According To The Iran Front Page News Agency, Citing A Statement By The Country’s President Hassan Rouhani.
“authorized Cryptocurrency Mining Does Not Consume A Lot Of Electricity And Only Requires About 300 Mw,” He Said. – However, A Lot Of Electricity Is Consumed By Unauthorized Miners. They Account For About 2,000 Mw. From Now On, A Ban On The Extraction Of Cryptocurrencies Even For Authorized Miners Comes Into Force. “
Bloombergpreviously Wrote That There Are Serious Disruptions In The Iranian Power System Amid Drought, Reduced Electricity Generation And Illegal Mining. Energy Minister Reza Ardakanian Says The Number Of Consumers Has Grown By A Million Since Last Year. This Is Due To The Expansion Of Production, As Well As The Mining Of Cryptocurrencies. Legal Miners Account For Only 16% Of The Increase.
The Head Of The State Energy Company Tavanir, Mohammadhassan Motevallizadeh, Said His Employees Came Under Fire As They Tried To Enter The Territory Of The Alleged Illegal Mining Farm.
Problems With Electricity In Iran Have Been Present Since The Beginning Of The Year. In January, The Authorities Attributed Them To A Shortage Of Natural Gas And Partly To Miners. There Are More Interruptions In The Summer, But Locals Say The Situation Has Never Been So Dire. As A Result, Healthcare Facilities Are Not Always Able To Maintain Low Temperatures In Coronavirus Vaccine Storage Facilities. One Of Tehran’s Marketing Companies, Which Requires Internet Access, Reported That The Shortest Power Outage Was Three Hours, But There Were Cases When Such Periods Stretched For 2-3 Days.
According To Cambridge University Estimates, Iran Is The Sixth Largest Country In Terms Of Bitcoin Computing Power, With A Share Of 3.82%.
