Mining News

Government issues new order to crack down on growing industry in new sector-wide ban: ‘Illegal operations’

Amid the energy crisis, the Islamic Republic of Iran has banned the advertising of cryptocurrency mining machines.

The “illegal operations” carried out by miners have affected the country’s electrical grid, which has been subjected to power outages in recent months. TV news Reported in December. A letter from the Ministry of ICT to online retailers did not mention mining machines but referred to “high consumption goods”.

“The ministry also called for the removal of advertisements for training on cryptocurrency mining devices and high-power filament lamps,” the agency reported. The message was sent to Digikala, Snapp, Divar and other online marketplaces.

Illegal mining operations This was the reason behind the power outage in Tehran at the end of last year. TVC News noted that miners were uprooted in other cities as well. Over the past three years, 9,261 cryptocurrency mining farms with 265,433 mining hardware units have been discovered, per outlet.

“In addition to the loss of their equipment, miners must compensate for any damage to the national grid caused by their illegal activities,” it stated.

According to the story, the Iranian government has imposed sanctions on cryptocurrency mining since 2019. Operators need a license from the Ministry of Industry, Mining and Trade, and their equipment must be efficient and certified by the National Organization for Standardization.

The problem is that they are charged export prices for their electricity use; Illegal cryptocurrency miners hide their operations and use energy available at subsidized or even free prices for some users in Iran. Associated Press Reported in December.

Russia, which has a similar problem with an overloaded network, has just created one Six-year ban on cryptocurrency mining In many areas. Illegal actors are there too Take advantage of cheap electricityThey are said to operate their power-hungry platforms in “gray zones” that lack government oversight.

These situations are particularly concerning in the winter because of the cascading effects they can have on heat and primary power in extremely cold conditions. Iran, for example, was forced to cut off gas service to people’s homes or power plants, according to what Reuters reported. New York Times.

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TVC News reported that the country’s legal miners are not allowed to work during periods of peak consumption, but they can use generators and Renewable energy To supplement their energy needs.

The media reported, “Tavanir Energy Generation, Transmission and Distribution Company in Iran has urged the courts to take legal and criminal measures against cryptocurrency mining, noting the damage caused by mining equipment to the country’s electricity grid.”

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