Bitcoin

The Iranian government has dismantled more than a thousand cryptocurrency mining farms

Whistleblowers helped Tavanir, the electricity company of Iran, Closing 1,100 cryptocurrency mining farms allegedly operating without proper licenses.

Even if Tavanir According to some reports, some of the miners used “high amounts” of subsidized electricity. Their report made it clear that no significant changes in consumption were found. Local authorities said they are relying on whistleblowers as a result, noting that Tavanir “cannot detect all illegal farms by examining their consumption patterns alone”.

The people who provided the information that led to the discovery of the unauthorized miners received 100 million rials (USD 480) for their cooperation with the authorities, said the Financial Tribune.

The Iranian government has dismantled more than a thousand cryptocurrency mining farms
The Iranian government has dismantled more than a thousand cryptocurrency mining farms

Iran announced Recently, industrial-scale power plants can work as bitcoin miners. as long as they don’t use subsidized fuel.

The National Law on Cryptocurrency Mining specifies that miners must disclose their identity and provide detailed information to the Department of Industry, Mining and Trade. This information should include the size of your mining operations and the type of hardware you are using. This information is collected in order to prevent smuggling into the country. Miners are defined as individuals and companies.

Illegal miners run the risk of fines between $ 2,000 and $ 5,000 for any hardware they use. and an additional $ 20,000 fine for anyone caught using a subsidized power source.

The Iranian Ministry of Industry, Mining and Trade was honored in May iMiner, A company specializing in cryptocurrency mining, a license to operate in the country. With 6,000 teams, the iMiner facility is one of the largest cryptocurrency mining centers in Iran.

The Iranian government approved the mining of cryptocurrencies as an industrial activity in July 2019 Since then, more than 1,000 licenses have been issued to cryptocurrency mining companies.

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