Iran Seizes 45000 Crypto Mining Equipment

Iran Seizes 45000 Crypto Mining Equipment

Iran seizes 45,000 crypto mining equipment. Iran’s authorities consider illegal crypto mining farms to be responsible for the country’s recent power outages.

Iranian authorities confirmed the seizure of tens of thousands of bitcoin mining machines that they claim have been using illegally subsidized electricity from state power provider Tavanir.

According to a report by local news outlet Tasmin News Agency on Sunday, 45,000 application-specific integrated circuit (ASIC) machines were seized . The seized equipment was allegedly consuming 95 megawatt hours of electricity at a reduced rate.

In early January, Iranian authorities shut down 1,620 illegal crypto mining farms that collectively used 250 megawatts of electricity over the past 18 months.

Iran’s authorities consider illegal crypto mining farms to be responsible for the country’s recent power outages , drawing the ire of officials and subsequent persecution and raids in search of illegal establishments.

However, cryptocurrency specialist and researcher Ziya Sadr told the Washington Post on Sunday that the miners “had nothing to do with the blackouts,” claiming that they only represented a very small percentage of the total electricity capacity in the country.

In July last year, Iran drafted a registration directive that required miners to reveal their identities . It also forced them to disclose the size of their mining farms and their type of mining equipment with the Ministry of Industry, Mines and Commerce.

Iran seizes 45,000 crypto mining equipment. Iran’s authorities consider illegal crypto mining farms to be responsible for the country’s recent power outages.

Iranian authorities confirmed the seizure of tens of thousands of bitcoin mining machines that they claim have been using illegally subsidized electricity from state power provider Tavanir.

According to a report by local news outlet Tasmin News Agency on Sunday, 45,000 application-specific integrated circuit (ASIC) machines were seized . The seized equipment was allegedly consuming 95 megawatt hours of electricity at a reduced rate.

In early January, Iranian authorities shut down 1,620 illegal crypto mining farms that collectively used 250 megawatts of electricity over the past 18 months.

Iran’s authorities consider illegal crypto mining farms to be responsible for the country’s recent power outages , drawing the ire of officials and subsequent persecution and raids in search of illegal establishments.

However, cryptocurrency specialist and researcher Ziya Sadr told the Washington Post on Sunday that the miners “had nothing to do with the blackouts,” claiming that they only represented a very small percentage of the total electricity capacity in the country.

In July last year, Iran drafted a registration directive that required miners to reveal their identities . It also forced them to disclose the size of their mining farms and their type of mining equipment with the Ministry of Industry, Mines and Commerce.

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