The Energy Ministry’s recent move to raise electricity prices for cryptomining has drawn the indignation of miners who claim the measure will tempt illegal mining and capital flight.
Those involved in the gradually growing business say setting (higher) power tariffs based on electricity export rates is “unfair”. Many miners have left the country for neighboring states such as Iraq, where there are less obstacles to their business, Peyvast magazine reported.
The Energy Ministry on Wednesday published new regulations for cryptomining. Miners will be charged 16,574 rials for one kilowatt-hour of electricity.