In order to save energy in winter, Iran is suspending authorized cryptocurrency mining

Given the increase in energy consumption in Iran in winter, The local energy authorities have decided to stop operating authorized cryptocurrency mining centers.

Mostafa Rajabi Mashhadi, Chairman and CEO of Iran Network Management Company (Tavanir), announced that Iran is again closing cryptocurrency mining centers to reduce liquid fuel consumption in power plants as temperatures plummet.

Mashhadi said the Iranian authorities took this measure last month to reduce energy consumption. The radio and television of the Islamic Republic of Iran reported on Saturday.

In order to save energy in winter, Iran is suspending authorized cryptocurrency mining
In order to save energy in winter, Iran is suspending authorized cryptocurrency mining

“The Department of Energy has been implementing measures since last month to reduce the use of liquid fuels in power plants, including cutting off power to operators with a cryptocurrency mining license., turning off street lights in less vulnerable areas and strict monitoring of consumption, ”he said.

The executive stressed the importance of energy saving in the country and urged citizens to reduce their electricity and gas consumption as much as possible. According to local reports, 70% of the fuel consumed in Iran is used to heat buildings. The new energy-saving measures are intended to reduce energy consumption by at least 40%.

In addition to enforcing restrictions on licensed cryptocurrency mining operators, the Iranian government has also worked to fight illegal cryptocurrency miners.. In late November, local energy authorities announced that they had confiscated a total of 222,000 mining devices that had been used to illegally mine cryptocurrencies since the sector regulations were in place.

Iran is one of the largest cryptocurrency mining countries in the world, estimated to account for between 4.5% and 7% of the global bitcoin hash rate.. The country had previously temporarily banned the mining of cryptocurrencies in the summer, referring to periods of increased energy demand due to high temperatures. The ban was lifted in September when the Iranian electricity grid stabilized.

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