Mining

Iran Banning Crypto Mining until march 6 for save power

Cryptocurrency mining centres that the previously authorized have been banned by Iran until March 6 to save power and avoid winter blackouts.

A similar ban was also earlier this in May when the country faced electricity shortages amidst an unusually dry and hot summer.

China also banned all Cryptocurrencies this year, including mining, when the country faced electricity shortages, and the national grid began to suffer.

Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. and a spokesman for Iran’s power industry, said that the ban would save 209 megawatts of power which can be used for households.

He also announced that authorities were cracking down on unlicensed Cryptocurrency miners throughout the country in a bid to preserve electricity during the winter. Other fuel-saving measures will also include turning off street lights in some areas and regulating office electricity consumption.

However, the ban is expected to end on March 6 as the Iranian expects more power production in the summer.

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