Licensed Crypto Farms In Iran Left Without Light. The country saves electricity in the winter season

Briefly:

  • Iran will restrict power supply licensed crypto farms
  • Restrictions are dictated by the threat of gas interruptions and shortages during the winter season

Managing Director of Iran Grid Management Company (Tavanir) Mostafa Rajabi Mashhadi announced changes in the procedure for distributing electricity in the country.

Iran is switching to economy mode ahead of the winter season. Licensed crypto farms are among the hardest hit by the restrictions.

A similar situation was in May this year. Then the crypto-farms were completely closed, albeit temporarily.

The restrictions were re-introduced in the summer against the background of the growing BTC hash rate. Then the government was also forced to cut off the power supply to the farms in order to avoid disruptions in residential areas.

Iran is one of the world leaders in the mining segment. The country receives from 4.5% to 7% of the total hash rate. The existing power grid infrastructure simply cannot cope with such a load.

The company also appealed to the people of Iran. Residents of the country were asked to save gas and electricity.

According to current data, about 100% of the cost of blue fuel is spent on heating residential buildings. The introduction of restrictions will reduce this indicator to 100%.

At the same time, the Iranian government continues to fight against secretive mining. In November of this year, the authorities confiscated more than 296 thousands of pieces of equipment for mining cryptocurrencies.

See also: Crypto miners are leaving Kazakhstan due to power outages. The country plans to solve these problems by building a nuclear power plant.

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