econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result
Home Business

Iran Suspends Authorized Crypto Mining Activities To Save Energy For Winter

admin by admin
12월 27, 2021
in Business
0
Iran Suspends Authorized Crypto Mining Activities To Save Energy For Winter
0
SHARES
0
VIEWS

Amid Iran’s energy consumption growth in the winter, local energy authorities have now decided to suspend operations of the authorized crypto mining centers.

crypto mining

Previously, Iran put a temporary blanket ban on cryptocurrency mining amid historical peak periods for power demand in summer.

The chairman of the board and managing director of Iran Grid Management Company (Tavanir); Mostafa Rajabi Mashhadi, said that Iran is shutting down cryptocurrency mining centers again to minimize liquid fuel consumption in the power plants amid decreasing temperatures.

Mashhadi stated that Iranian authorities decided to take that action to reduce the rate of energy consumption in November, as reported by The Islamic Republic of Iran Broadcasting on December 25. He added:

“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.”

Buy Crypto Now

Iran Insists On Benefits OF Saving Energy

The executive insisted on the benefits of saving energy in the nation, urging the citizens to minimize their electricity and gas consumption as much as they can as well. Based on various local reports, 70% of the fuel that is consumed in Iran is used for heating buildings. These new energy-saving measures are allegedly expected to cut the rate of energy consumption by about 40%.

While aiming to enforce these restrictions on authorized cryptocurrency mining operators; the Iranian authorities have also been working to fight illegal crypto mining activities. Late last month, local energy authorities confirmed that they had seized 222,000 mining devices used for illegal mining crypto since the sector regulations were launched.

Iran is currently one of the largest crypto mining nations in the world. It accounts for around 4.5%–7% of the global Bitcoin (BTC) hash rate.

In the past, the nation had put a temporary blanket ban on crypto mining activities in the summer. The ban was implemented citing periods of peak power demand due to hot temperatures. This ban was later lifted in September as the Iranian power grid became highly stable.

Tags: BitcoinBitcoin miningBTCcryptocrypto miningcryptocurrencyIranminingregulation
Previous Post

Bitcoin Wallet Holding Coins Worth $15M Activated After 8 Years

Next Post

Floki Inu Aims For Coinbase Listing

Related Posts

SEC Accepts BlackRock’s Spot Bitcoin ETF Application
Business

SEC Accepts BlackRock’s Spot Bitcoin ETF Application

by admin
US Senate Finance Committee Asks Crypto Community How To Tax It In Open Letter
Business

US Senate Finance Committee Asks Crypto Community How To Tax It In Open Letter

by admin
Arkham Intel Firmly Denies Affiliation With US Government Amid Criticism Over Privacy
Business

Arkham Intel Firmly Denies Affiliation With US Government Amid Criticism Over Privacy

by admin
What Does Persistent Inflation Mean For Bitcoin?
Business

What Does Persistent Inflation Mean For Bitcoin?

by admin
When Will Crypto Go Mainstream?
Business

When Will Crypto Go Mainstream?

by admin
Next Post
Floki Inu Aims For Coinbase Listing

Floki Inu Aims For Coinbase Listing

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect