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The crackdown is easier now that Iran has rules guiding mining operations. This way, the government can prevent smuggling and identify illegal operations. However, it was important to ensure enforcement in the country. Although the government now appears to have a significant grip on its mining space, its acceptance of the activity seems to be affecting Iran in another way — environmental pollution.
Last week, it was reported that crypto mining in Iran had put a strain on the country. Some power plants have also witnessed blackouts and closed down. However, major news outlets have also reported on the worsening air pollution problem in Tehran. Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Your email address will not be published. Skip to content.
Regulation is Reaping Rewards The crackdown is easier now that Iran has rules guiding mining operations. Four Iranian terrorists were arrested in Europe in June on the charge of attempting to bomb the Free Iran rally in Villepinte, a Iran Nuclear News. Pooya Stone - February 6, During his visit to the controversial Fordow nuclear site, Iranian Parliament Majlis Speaker Mohammad Bagher Ghalibaf expressed his contentment over the percent uranium enrichment.
While protests are increasingly common across Iran, in spite of the dangers posed by both the coronavirus pandemic and the state security forces, these The state-run media is continuing to warn about a protest by the people because of the government's failure to mitigate the growing crises there, One year on from the protests over the sudden tripling of fuel prices, alongside numerous other economic complaints, and the Iranian government has Student Day in Iran, held on December 6, commemorates the day in when the Iranian police killed three unarmed Tehran University students in All Afghanistan Iraq Syria.
This is while the Afghan government has explicitly Human Rights. Iran General News. By Hoshang Amiri. January 13, Hoshang Amiri. Latest news. Political prisoners executed in various prisons in Ahvaz, a city in the southwest of Iran, are buried in complete Read more.
One of the longest detained political prisoners in Iran is suffering from severe and painful burns on his neck The empty ceremony commemorating the forty-second anniversary of the infamous entry into Iran of Iranian regime founder Ruhollah Khomeini, Must read. Iran in the World Press Ram - February 9, Iran Human Rights Ram - October 13, Staff Writer - February 9,
RHY boasts multiple mining sites, including some in the Middle East, without specifying where. A car briefly appearing in the video has a license plate with Farsi lettering and a flag resembling the Iranian one. According to the electricity bill, translated by The Diplomat , the mining farm consumed a little short of 60 megawatt of power during one month.
BBC Persian reported a similar capacity for the farm in Rafsanjan. The Rafsanjan farm shut down because after Iran introduced the new rules for miners, the electricity tariff went up sharply, Alavi believes. After one year, the government started regulation and changed the tariff, so the company had to pay new bills.
According to Ranjbar, the mining farm in Rafsanjan had been paying 4, rials per kilowatt, which is a high price. But we can also send them away from Iran and become completely isolated and alone in the world. RHY was not the only Chinese mining company in Iran — an array of firms have been active in the country for a couple of years. In August , Chinese mining pool Lubian also told 8btc about building a mining farm in Iran.
Lubian broke into the bitcoin hashrate competition last spring right after the latest bitcoin halving , immediately becoming one of the leading mining pools. Talking to 8btc, Lubian co-founder Liu Ping said the mining pool established a good rapport with Iranian authorities.
Dmytro Ziablov, CEO of Ukrainian mining company BeeMiner, told CoinDesk the company is running a 2-megawatt mining facility in Iran and is planning to expand to 70 megawatts later this year. Asked if it was difficult to get the farm licensed in Iran, he said the process took 2.
In the meantime, for small-scale domestic miners the situation has been tough in recent years, according to one long-time miner who talked to CoinDesk anonymously. Basir not his real name told CoinDesk he started mining seven years ago, but three years ago, the authorities took notice.
Then they saw the ASICs. Last year, the Iranian government issued a directive that all mining facilities in Iran must register with the government. The owners must disclose their identities, the size of their farms and what kinds of ASICs they are using. The government has also raised the electricity tariff from rials to 1, for kilowatt per hour in U.
According to the Ministry of Energy , there are currently 24 officially registered mining farms in Iran, consuming megawatt of power. CoinDesk takes a deep dive into Iranian mining. Bitcoin offers an alternative to cash printed by sovereign governments and central banks — and in the case of Iran and other countries under sanctions like Venezuela, a more stable place to park money than the local currency.
Electricity goes for around 4 cents per kilowatt-hour in Iran, compared to an average of 13 cents in the United States. Iran is among the top 10 countries with the most Bitcoin mining capacity in the world — megawatts a day. The U. The transactions, called blocks, are then added to a public record, known as the blockchain.
On the other hand, the government worries about limiting how much money is sent abroad and controlling money laundering, drug sales and internet criminal groups. Iranian cryptocurrency miners have been known to use ransomware in sophisticated cyber attacks, such as in when two Iranian men were indicted in connection with a vast cyber assault on the city of Atlanta.
Iran is now going after unauthorized Bitcoin farms with frequent police raids. Those who gain authorization to process cryptocurrency are subject to electricity tariffs, which miners complain discourage investment. Despite the government giving permits to 1, investors, only a couple dozen server farms are active, he added, because tariffs mean Bitcoin farms pay five times as much for electricity as steel mills and other industries that consume far more power.
Within days, the government closed that plant despite its authorization to operate. A sharp drop in supply or spike in demand, like this winter when more people are staying home because of the coronavirus pandemic, can upset the balance of a grid that draws mostly from natural gas. The smoldering fuel blackens the skies, particularly when the weather cools and wind carries emissions from nearby refineries and industrial sites into Tehran.
As the government publicized its clampdown on Bitcoin farms, miners balked at all the blame over their energy guzzling.