Iran halts authorized crypto mining to save energy for winter

Amid
Iran’s
energy
consumption
increasing
during
the
winter,
local
energy
authorities
have
decided
to
halt
operations
of
authorized
cryptocurrency
mining
centers.

Mostafa
Rajabi
Mashhadi,
chairman
of
the
board
and
managing
director
of
Iran
Grid
Management
Company
(Tavanir),
announced
that
Iran
is
shutting
down
crypto
mining
centers
again
to
reduce
liquid
fuel
consumption
in
power
plants
amid
decreasing
temperatures.

Mashhadi
said
that
Iranian
authorities
took
this
action
to
reduce
energy
consumption
last
month,
The
Islamic
Republic
of
Iran
Broadcasting reported
on
Saturday.

“The
Energy
Ministry
has
been
implementing
measures
since
last
month
to
reduce
the
use
of
liquid
fuels
in
power
plants,
including
cutting
licensed
crypto
farms’
power
supply,
turning
off
lampposts
in
less
risky
areas
and
stringent
supervision
of
consumption,”
he
said.

The
executive
emphasized
the
importance
of
saving
energy
in
the
country,
calling
on
citizens
to
reduce
their
electricity
and
gas
consumption
as
much
as
possible
as
well.
According
to
local
reports,
70%
of
the
fuel
consumed
in
Iran
is

used

for
heating
buildings.
The
new
energy-saving
measures
are
reportedly
expected
to
cut
energy
consumption
by
at
least
40%.

While
enforcing
restrictions
on
authorized
crypto
mining
operators,
the
Iranian
government
has
also
been
working
to
combat
illegal
crypto
miners.
In
late
November,
local
energy
authorities

announced

that
they
had
in
total
seized
222,000
mining
devices
used
for
illicit
mining
crypto
since
the
industry
regulations
were
established.



Related:




Iran
Blockchain
Association
head
calls
for
special
council
on
crypto
laws

Iran
is
one
of
the
world’s
biggest
crypto
mining
countries,
accounting
for
an
estimated
4.5%–7%
of
the
global
Bitcoin hash
rate.
The
country
previously

put
a
temporary
blanket
ban

on
crypto
mining
in
the
summer,
citing
historically
peak
periods
for
power
demand
due
to
hot
temperatures.
The

ban
was
subsequently
lifted
in
September

as
the
Iranian
power
grid
became
more
stable.

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