Iranian power plants allowed to mine
The authorities allowed industrial power plants to mine cryptocurrency legally, but without the possibility of using subsidies.
Mostafa Rajabi Mashhadi, deputy manager of Iranian electricity company Tavanir, said that even with the necessary license, power plants will be able to mine only at approved state electricity tariffs. Energy enterprises will also not be able to count on any additional benefits and subsidies.
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According to him, now the supply of electricity is of great importance for the population and the authorities cannot allow the use of lower tariffs intended for agriculture and industry for the extraction of bitcoin, while it exceeds $ 9 thousand.
According to Iran’s official news agency, 14 large mining farms consume the same amount of energy as the country’s three provinces. At the same time, the authorities have already announced the issuance of 1,000 licenses to organize a business for the extraction of cryptocurrencies.
Low electricity prices are tempting many Iranian entrepreneurs to use the subsidized tariffs for secret mining. To combat illegal mining, the authorities announced that they would pay citizens a reward of $ 2,380 for exposing such a business.