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Iran issues temporary crypto mining ban in winter

 


Iran hopes to cut energy consumption by at least 40% this winter.

The Iranian energy authorities have announced that the country will stop mining cryptocurrencies in authorized centers to cope with increasing energy consumption in winter. Iran is one of the major crypto mining countries in the world, estimated to be 4.5% to 7% of the global bitcoin hash rate.

Mostafa Rajabi Mashhadi, chairman and general manager of Tavanir, Iran's grid management company, said the decision to close crypto mining centers for the second time this year was made last month.

The chairman said the government is committed to reducing liquid fuel consumption in every possible way to help power consumption as temperatures drop in different parts of the country.

Iran had previously issued a temporary ban on crypto mining earlier this year, citing peaks in electricity demand due to hot temperatures. The ban was lifted in September after the network stabilized.

According to local news agency The Islamic Republic of Iran Broadcasting, Mashhadi stated:

"Since last month, the Department of Energy has been implementing measures to reduce the use of liquid fuels in power plants, including cutting the power supply to licensed crypto farms, shutting down lamp posts in less risky areas and strictly monitoring consumption."

While such a ban can be implemented on authorized crypto mining centers, the fight against illegal mining in Iran will continue through the winter months. Local energy authorities announced last month that over 200,000 mining devices have been confiscated for illegal mining since regulations were in place in the country.

Local reports showed that over 70% of the fuel consumed in Iran is used to heat buildings in winter. The government is aiming to cut the country's energy consumption by at least 40% through new energy-saving measures, including the crypto-mining ban.

The executive also outlined the need to conserve energy in the country and urged individuals and industries to reduce their electricity and gas consumption as much as possible.

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