Amid Iran's increased energy consumption during the winter, local energy authorities have decided to halt the operations of licensed cryptocurrency mining centers.
Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), announced that Iran will again close crypto mining centers to reduce liquid fuel consumption at power plants amid falling temperatures.
Mashhadi said that the Iranian authorities took this measure to reduce energy consumption last month, The Islamic Republic of Iran Broadcasting reported on Saturday.
โThe Ministry of Energy has been implementing measures since last month to reduce the use of liquid fuels in power plants, including cutting off the power supply of authorized crypto farms, turning off street lamps in less risky areas and a strict supervision of consumption, "he said.
The executive highlighted the importance of energy saving in the country, calling on citizens to also reduce their electricity and gas consumption as much as possible. According to local reports, 70% of the fuel consumed in Iran is used to heat buildings. The new energy-saving measures are reportedly expected to reduce energy consumption by at least 40%.
By enforcing restrictions on licensed crypto mining operators, the Iranian government has also been working to combat illegal crypto miners. At the end of November, the local energy authorities Announced who had seized a total of 222,000 mining devices used for illicit mining crypto since industry regulations were established.
Related: Iran Blockchain Association Head Asks For Special Advice On Encryption Laws
Iran is one of the largest cryptocurrency mining countries in the world, accounting for roughly 4.5% to 7% of the global Bitcoin hash rate. The country formerly put a temporary blanket ban on mining cryptocurrencies in the summer, citing historically peak periods of energy demand due to high temperatures. The the ban was subsequently lifted in September as the Iranian power grid became more stable.
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