Over the past few years, Iran has frequently located illegal mining operations in various Iranian cities. The research also states that the majority of unregistered miners established mining farms in public areas like mosques or schools in order to take advantage of the government-provided discounted or free electricity. Furthermore, Iranian authorities previously seized 7,000 illegal mining machines from huge portions of illicit mining farms in June.
1,620 crypto mining facilities were shut down earlier this month by Iranian authorities. According to the research, over the course of more than 18 months, the mining operations used 250 megawatts of electricity.
Based on the news on Iranian media channels, prominent alliances and a few Chinese organisations mostly use inexpensive, subsidised electricity to perform crypto mining operations in the nation.
New tech enthusiasts were drawn to Iran because of the country’s large supply of fossil fuels, which are used to produce energy.
According to a study by Cambridge University, Iran supplied 7.5% of the hash rate for Bitcoin in March of last year. Even though it is an oil-rich state, the nation has been experiencing power outages and water shortages. The authorities attributed the nationwide demonstrations that resulted from these outages to crypto mining, which had increased demand.
The region’s whole mining industry was outlawed for four months in May by Iranian authorities in an effort to curb the country’s soaring electricity demand.
In September, the prohibition will be abolished. However, during the hottest summer months there, authorities switched off the electricity to 118 authorised mining platforms in order to fulfil the necessary demand for power.
The preceding summer and winter saw restrictions on the mining farms from Iranian authorities. However, licenced platforms were allowed to break the rules, whilst unauthorised miners were subject to restrictions.
In addition, the nation discovered and seized 45,000 ASIC machines at the beginning of the previous year. Notably, Tavanir, a state-run energy company, continued with the activities while using discounted electricity.