Iran pauses electricity exports due to crypto mining and hot summer
Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity. Iran’s challenge with the ever-increasing electricity consumption reached new heights, leading the country to halt electricity exports.Abuzer Salihi, general manager of Iran’s electricity distribution company Tevanir, announced on state television that it has reduced electricity exports to zero “so that there is no problem in electricity supply in the country.” He said that the electricity supply to Afghanistan’s Herat province,....
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Crypto mining surfs a hefty amount of electricity and has become a major cause of the electricity crisis in some regions like Iran, Kosovo, etc. Similarly, after the Iranian government saw power blackouts last summer, it put the state’s police on their toes, which detected and ceased 9,404 mining farms in the previous five months. […]
Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months. Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September.According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision known earlier in August.As previously reported by Cointelegraph, Iran’s government banned Bitcoin (BTC) and crypto mining operations back in May. At the time, the decision was reportedly made to prevent miners from....
Iran's government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months. The recent crackdown on Bitcoin (BTC) and crypto mining in Iran has reached a new dimension with the government banning the activity over the summer.According to a report by Bloomberg, President Hassan Rouhani announced the blanket ban on Bitcoin mining in the country in an address on state television on Wednesday.The nationwide prohibition will reportedly last until September with the government keen on ensuring access to electricity for domestic consumption....
Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September.
Crypto Mining Farms in Iran to Shut Down During Winter
Expecting energy needs across the country to increase with low temperatures in the coming months, the Iranian government is now taking steps to limit consumption and avoid an electricity deficit. Just like earlier this year, the measures will affect the....
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced.
Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages
Authorized crypto mining enterprises in Iran will have to unplug their power-hungry coin minting equipment from the beginning of Tir, the next month in the Iranian calendar, or Wednesday, June 22. Mostafa Rajabi Mashhadi, spokesman of the....