Crypto Mining Paused Temporarily In Iran To Restrain Energy Crisis

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Crypto mining paused temporarily in Iran to restrain from the energy crisis.  As winter arrives the energy usage becomes high. Consequently, the local energy authorities of Iran decided to put on pause all the operations of authorized crypto mining centers of the country.

Crypto Mining Paused Temporarily In Iran To Restrain Energy Crisis

Crypto Mining Paused Temporarily By Authorities:

The head of the board and managing director of Iran grid management, Mostafa Rajabi Mashhadi on this topic says that Iran is closing all the authorized crypto mining centers to reduce the amount of liquid fuel use in power plants due to low temperature.

Furthermore, last month he told to the Islamic Republic Of Iran Broadcasting 

(IRIB)  that they took this initiative to decrease energy consumption.

Additionally from last month, the energy ministry took measures to minimize the consumption ion liquid fuels by power plants, as well as ending the power supply to crypto farms, and switching off lampposts in less risky areas. Also, monitoring the consumption of energy.

Moreover, the authorities declared that saving energy is prior, and they ordered the public to avoid overuse of natural resources of gas and electricity.

Why Iran Is Failing To Fulfill The Energy Demand:

In Iran, around 70% of the fuel energy uses to maintain the heating system of the building. sourced by credible resources.  The new energy initiatives will help to cut energy use by at least 40% 

 Along with imposing the new orders on the authorized crypto mining operators. The government has also decided to take action against illegal or hidden crypto mining.

In November, the local energy authorities reported that they caught 222,000 illegal crypto mining machines which were used secretly or illegally. 

Iranian are presently standing amongst the biggest bitcoin manners globally. They generate around 4 to 7 % of the world’s hash rate. However, previously in summers, the government implemented banned due to high consumption. And recently banned was removed in September when the Iranian power grid become stable.

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