Iranian authorities have revised some rules in the cryptocurrency mining industry to facilitate access to green power. Licensed miners will be able to purchase electricity produced from renewable resources from all over the country at low rates.
Iran’s cryptocurrency miners allowed to procure green energy from all over the country
Iran’s Ministry of Energy has changed certain cryptocurrency mining regulations to allow easier access to renewable electricity for entities with the power to create digital currencies in the Islamic Republic.
A recently issued decree frees miners from the obligation to use on-site power generation capacity and allows them to purchase electricity from renewable energies from across the country and through the national grid, Bargqnews said. Announced.
So far, mining companies have only been able to sign contracts with renewable energy power plants in the same state, said Mohammad Khodadadi, an employee of Iran’s transmission and distribution company (Tavanir).
According to the English-language business news daily FinancialTribune, the report also reveals that Iranian companies legally mining in clean energy will not be charged normal transmission charges for using the country’s electricity grid. did.
Positive changes in the mining sector come after Iranian authorities in December publication A decision to allow power plants producing green energy to supply licensed miners. The change was an initiative of Tehran’s Ministry of Energy.
Iran has experienced power shortages during hot and dry summers and cold winters, and has partially accused energy-intensive Bitcoin mining of being responsible for the deficit. Registered in 2021. Cryptocurrency farms have been ordered to shut down power-intensive devices multiple times.
This year, Tavanir once again told miners: Pause activity Until the end of summer, it cites the expected power shortage in the face of increased demand due to increased consumption for cooling.Limits discovered negative reaction From the country’s crypto community.
State-owned utilities have also vowed to impose strict measures on unlicensed crypto miners, raising fines for illegal mining activities by 400%. According to official data released in May, the Iranian government said close Approximately 7,000 facilities that coin digital coins outside the scope of the law.
Such impromptu crypto farms often run on subsidized household power and have become a popular source of income for many Iranians. In numerous raids so far, Tavanir employees have confiscated hundreds of thousands of his mining devices.
Do you think Iran will allow cryptocurrency miners to resume operations by the end of the summer? Share your expectations in the comments section below.
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