Iran has put a halt to permitted cryptocurrency mining in order to conserve electricity for the winter.


Iran previously imposed a temporary blanket ban on crypto mining during the summer, when power demand is at its highest.

Local energy authorities have decided to cease operations of authorised cryptocurrency mining centres as Iran's energy usage rises over the winter.

Iran is shutting down crypto mining facilities again, according to Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), in order to cut liquid fuel use in power plants when temperatures drop.

The Islamic Republic of Iran Broadcasting stated on Saturday that Iranian officials took this move to kerb energy use last month, according to Mashhadi.

“The Energy Ministry has been implementing measures since last month to reduce the use of liquid fuels in power plants, including cutting licensed crypto farms’ power supply, turning off lampposts in less risky areas and stringent supervision of consumption,” he said.

The executive emphasized the importance of saving energy in the country, calling on citizens to reduce their electricity and gas consumption as much as possible as well. According to local reports, 70% of the fuel consumed in Iran is used for heating buildings. The new energy-saving measures are reportedly expected to cut energy consumption by at least 40%.

While enforcing restrictions on authorized crypto mining operators, the Iranian government has also been working to combat illegal crypto miners. In late November, local energy authorities announced that they had in total seized 222,000 mining devices used for illicit mining crypto since the industry regulations were established.

Iran is one of the world's largest cryptocurrency mining nations, accounting for 4.5 percent to 7% of the worldwide Bitcoin hash rate. The country previously imposed a temporary ban on crypto mining in the summer, citing historically high power use owing to scorching temperatures. After the Iranian electrical grid became more reliable, the embargo was lifted in September.


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