Iranian authorities have revised some rules for the Bitcoin (BTC) mining industry to facilitate access to renewable energy. Licensed miners will now be able to purchase electricity generated from renewable sources across the country at lower fees.
Iranian Ministry of Energy, Islamic Republic of IranIt has made regulations in order to facilitate the access of institutions authorized to mine Bitcoin to renewable energy. According to the news made by Bitcoin.com, Iran, with a recently issued decree, across the country announced that it allows them to purchase electricity from renewable sources.
Iran Electricity Generation, Transmission and Distribution Company (Tavanir) official Mohammad KhodadadiWith this arrangement, miners will not be limited to local resources and nationwide renewable energy at more affordable prices indicated that they would have access. The first positive steps taken for the mining sector were taken by the Tehran Ministry of Energy in December. Renewable power plants have been allowed to supply electricity to licensed Bitcoin miners, according to a statement made by Iranian authorities.
In addition to all of this, being a Bitcoin miner in Iran still has greater difficulties. Due to the climatic conditions of the country, in hot summers and cold winters experiencing power outages and partially Bitcoin miners are held accountable. Tavir told the miners this year, citing the intense energy demands of cooling systems, which have increased due to extreme temperatures. suspending mining operations until the end of summer said it should. The restrictions are from the country’s crypto community. led to negative reactions.
The state-owned agency has also pledged to take drastic action against unlicensed cryptocurrency miners, imposing fines for illegal mining activities. 400% increased by the rate. According to official data released in May, the Iranian government illegal bitcoin mining approximately 7,000 facilities had determined and closed.