Iran grants permission to 30 crypto mining farms, while closing others

Iran's Ministry of Industry, Mine and Trade grants permission to 30 crypto mining farms in Iran, while shutting others down.

@anthony256
Published Sun, Jun 27 2021 11:34 PM CDT   |   Updated Mon, Jul 26 2021 3:34 AM CDT

Iran has just granted permission for 30 crypto mining farms to operate across the country, while on the other hand clamping down on crypto mining farms.

Iran grants permission to 30 crypto mining farms, while closing others 05 | TweakTown.com

Iran's Ministry of Industry, Mine and Trade has exempted 30 crypto mining farms to operate, issuing them all licenses. The crypto mining farms that were granted permission to crank up their hash power, with 6 licenses in the Semnan province, while Alborz, Mazandaran, East Azarbaijan and Zanjan each receiving 4 licenses. There's only a single crypto mining farm prohibited to operate in the Tehran province.

The country has been fighting power shortages and blackouts, blaming them on crypto mining since 4.5% of all global Bitcoin mining between January and April 2021 place in Iran, according to blockchain analytics firm Elliptic. The Iranian government says that 85% of Bitcoin mining in the country is done so illegally, with licensed Bitcoin mining farms shutting down their operations voluntarily last month to lower the pressure on Iran's electricity grid.

Iran had previously banned crypto mining nationwide last month, causing quite the mountain of drama in the process. President Hassan Rouhini said at the time that all crypto mining farm operations, even the legal ones, need to cease operations until September 22 -- the end of the 6th Iranian calendar month.

Now I did say above that Iran was blaming crypto mining for the power outages, and continued reading new information for this story and found Al Jazeera reporting in May 2021 that head of the digital economy commission of the Iranian parliament, Mojtaba Tavangar didn't think crypto mining was behind the power outages.

Tavangar said: "The reason behind the power outages is not cryptocurrency mining, it's stopping funding and the old distribution and generation network".

But now, 30 crypto mining farms have been granted permission to continue mining... right.

Buy at Amazon

Ledger Nano S - The most popular Hardware Wallet

TodayYesterday7 days ago30 days ago
$59.00$59.00$59.00
* Prices last scanned on 10/16/2021 at 4:15 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:aljazeera.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles