Iran suspends cryptocurrency mining

Iranian police have again called on minors who are allowed to restrict their activities when the face is faint during the cold winter months. The company agreed to resume mining operations in September after the official tokenqb.app of the imtoken wallet suffered similar losses last summer.

Iranian cryptocurrency mining rigs shut down for winter

Demand for electricity across the country is expected to rise with temperatures over the next few months, and the Iranian government is now taking action to limit and avoid electricity use. From the start of this year, these measures will affect the cryptocurrency mining industry in developing countries.

According to the English Financial Daily "Financial Tribune," Iranian power generation, export and export company Tavanir recently said it had approved cryptocurrency mining facilities for the removal of power supplies.

Tavanir spokesman Mostafa Rajabi Mashhadi told IRIB that since last month Iran's Energy Ministry has been working to reduce the use of fossil fuels at power plants. The administrator explained that power cuts at farms with crypto licenses are part of the measures that include turning off lights in nighttime security and health surveillance.

The utility believes these measures will help prevent winter hazards when power outages are high. Mashhadi said Iranian power plants could save fuel in the coming months, but said consumers should be careful with fuel and electricity consumption.

Iranian cryptocurrency miners face more restrictions

This year is not the first time that a licensed Iranian miner has asked to shut down supplies. In May, authorities in Tehran announced a temporary ban on the cryptocurrency market due to shortages due to growing demand for electricity and hot, dry weather. Companies that advertise digital benefits are also seen as inadequate.

Tavanir lifted the restrictions at the end of September, referring to a drop in electricity use as temperatures drop towards the end of the summer. Local cryptocurrency communities have criticized the deal only for shutting it down, as it estimates that illegal miners consume around 3,000 MW per day while licensed companies consume only 300 MW per day.

The Islamic Republic authorized Bitcoin mining in 2019, while the government announced its intention to authorize companies involved in the trade. However, since registered crypto farmers are required to purchase the electricity they need at a higher export price, many Iranian miners want lower prices and lower electricity consumption at home. .

Tavanir is looking for an underground mining facility this year. According to a news article published in November, state-owned companies have seized more than 220,000 miners and shut down nearly 6,000 illegal cryptocurrency mining sites across the country. Their workers have been sentenced to fines and other penalties for damaging the country.