Iranian official warns that cryptocurrency miners will be detected and face power cuts
An official from Iran's state-run power generation and transmission company Tavanir warns that cryptocurrency miners in Iran will be detected and face power cuts. According to a report from Iran Front Page (IFP) News covered by The Block, Mostafa Rajabi Mashhadi said that it is illegal to use the national grid for cryptocurrency mining. Mashhadi also said that Iran's electricity consumption in May had increased by 7 percent year over year and year-on-year and that cryptocurrency miners were the main reason.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.