Iran Licensed Crypto Miners Suffers Power Shut Down
- Iran pulls the plug on crypto mining farms whenever power consumption peaks.
- Licensed crypto miners in the Islamic Republic utilize up to 300 MW daily.
- Illegal crypto mining centers consume over 2,000 MW of electricity.
Iran pulls the plug on crypto mining farms whenever power consumption peaks. In order to maintain a stable electricity supply for other users. However, the measure deals with shortage that target licensed facilities despite the government admits that illegal crypto miners burn much more energy
Licensed Miners Use 300 MW, Illegal Farms Burn 2,000 MW
Licensed crypto miners in the Islamic Republic utilize up to 300 megawatts daily, as per ISNA news agency report. Mostafa Rajabi Mashhadi, who is the spokesman of the Iranian Ministry of Energy responsible for the electricity sector said this amount of electricity could be saved to maintain the stability and balance of the electric network.
Added to this, illegal crypto mining centers consume over 2,000 megawatts of electricity. Moreover, the Iranian governme…
This article was first published on coinquora.com
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.