Iran urges crypto miners to shut down during the cold winter months
The Iranian authorities have again asked licensed crypto miners to cease operations in the face of power shortages in the cold winter months. After a similarly restricted period last summer, companies were allowed to resume mining in September.
Crypto mining farms will have to close in winter
In anticipation of increasing nationwide energy demand at low temperatures in the coming months, the Iranian government is now taking steps to limit consumption and avoid an electricity deficit. Just like at the beginning of the year, the measures will affect the country’s burgeoning crypto mining industry.
Tavanir, an Iranian power generation, distribution and transmission company, recently ordered licensed crypto mining centers to disconnect their power-hungry hardware from the grid, according to the Financial Tribune.
Tavanir spokesman Mostafa Rajabi Mashhadi said cutting power to licensed mining operations was part of a list of activities that included turning off street lights in safer areas during the night and closely monitoring electricity usage.
The company believes these measures will help prevent potential blackouts in winter when electricity demands are higher. Mr Mashhadi added that Iranian power plants have saved some fuel over the next few months, but also stressed that consumers should be careful about their gas and electricity consumption.
This is not the first time licensed Iranian miners have been asked to cease operations this year. In May, the Tehran authorities announced a temporary ban on crypto mining as demand for electricity increases and supplies are inadequate due to hot, dry weather. Mining companies are also blamed for the shortage. Tavanir lifted the restrictions in late September as electricity consumption gradually declined towards the end of summer as temperatures fell.
Tavanir has been tracking underground mining facilities this year. In November, the state agency seized more than 220,000 excavators and closed nearly 6,000 illegal mining operations across the country. The miners on these farms face administrative penalties for damaging the national distribution network and other penalties.
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Iran urges crypto miners to shut down during the cold winter months
The Iranian authorities have again asked licensed crypto miners to cease operations in the face of power shortages in the cold winter months. After a similarly restricted period last summer, companies were allowed to resume mining in September.
Crypto mining farms will have to close in winter
In anticipation of increasing nationwide energy demand at low temperatures in the coming months, the Iranian government is now taking steps to limit consumption and avoid an electricity deficit. Just like at the beginning of the year, the measures will affect the country’s burgeoning crypto mining industry.
Tavanir, an Iranian power generation, distribution and transmission company, recently ordered licensed crypto mining centers to disconnect their power-hungry hardware from the grid, according to the Financial Tribune.
Tavanir spokesman Mostafa Rajabi Mashhadi said cutting power to licensed mining operations was part of a list of activities that included turning off street lights in safer areas during the night and closely monitoring electricity usage.
The company believes these measures will help prevent potential blackouts in winter when electricity demands are higher. Mr Mashhadi added that Iranian power plants have saved some fuel over the next few months, but also stressed that consumers should be careful about their gas and electricity consumption.
This is not the first time licensed Iranian miners have been asked to cease operations this year. In May, the Tehran authorities announced a temporary ban on crypto mining as demand for electricity increases and supplies are inadequate due to hot, dry weather. Mining companies are also blamed for the shortage. Tavanir lifted the restrictions in late September as electricity consumption gradually declined towards the end of summer as temperatures fell.
Tavanir has been tracking underground mining facilities this year. In November, the state agency seized more than 220,000 excavators and closed nearly 6,000 illegal mining operations across the country. The miners on these farms face administrative penalties for damaging the national distribution network and other penalties.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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