THELOGICALINDIAN - Since Iran began acquainted cryptocurrency mining as an industry it has reportedly shut bottomward 1620 crooked crypto mining farms Crypto miners initially accustomed the acceptance but after said that the electricity tariffs were too high
1,620 Crypto Mining Farms Shut Down in Iran
Iranian authorities accept reportedly bankrupt bottomward 1,620 actionable cryptocurrency mining farms back the country started acquainted cryptocurrency mining as a acknowledged industry in July 2019. The Financial Tribune appear Monday that these mining farms were application 250 megawatts of electricity. Many of the crooked cryptocurrency mining farms were articular in December as the amount of bitcoin surpassed best highs.
Mostafa Rajabi Mashhadi, a agent for the Power Generation, Distribution and Transmission Company (Tavanir), told the accompaniment anchorperson on Saturday:
In July 2024, the Iranian government said it would admit crypto mining as a acknowledged industry. The advertisement acclaimed that initially, miners accustomed this move but after they claimed that the electricity tariffs were too aerial and took their businesses underground.
Tavanir is accurately accustomed to shut bottomward actionable crypto mining businesses, the account aperture noted, abacus that a absolute of 24 cryptocurrency mining farms application 310 MW accept been accustomed by the Ministry of Industries, Mining, and Trade so far.
The Iranian Energy Ministry explained that the electricity bills for miners are based on boilerplate ability consign ante and the country’s Forex Management Integrated System (Nima). “Miners are answerable 4,800 rials for one kilowatt-hour that is bisected the electricity consign amount in autumn, winter and spring,” the advertisement detailed. “However, billings are planned to be based on 19,300 rials/kw, alert the amount for exported electricity in summer (June to Sept).”
Rajabi Mashhadi said that the attorneys appear a jump in cloister cases accompanying to actionable cryptocurrency mining in December and about 500 cryptocurrency mining farms were articular with the advice of whistleblowers. They are accustomed incentives, including rewards of 100 actor rials, for allowance activity admiral analyze actionable crypto mining farms.
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