Iran Announces Suspending Cryptocurrency Mining Activities

Iran has announced that it has decided to cease the activities of its cryptocurrency mining centers, citing the increased demand for energy consumption during the winter months.

Chairman of Iran Grid Management Company (Tavanir) Mostafa Rajabi Mashadi, in a statement to local news agencies “that crypto currency mining centers have suspended their operations again due to the high energy use experienced in the winter months in power plants using liquid fuels.” he reported.

Iranian, in the past summer Upon the intense electricity consumption and interruptions, crypto currency mining started. a temporary general ban had brought.

According to the researches, the energy consumed in Iran 70%It is used to heat buildings. Emphasizing the importance of energy saving, the citizens of the country call to reduce electricity and gas consumption as much as possible done. Within the framework of the measures taken, energy consumption in Iran 40% rate is expected to decrease.

Iran also aims to fight against the illegally functioning miners with its ban. Cryptocurrency centers operating illegally in Iran last November 222,000 mining devices captured.

source site-9