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1 day ago DUBAI - Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly 4 months, President Hassan Rouhani said on Wednesday, as the country faces major power blackouts in many cities. The ban on the mining of cryptocurrencies is effective immediately until September 22 ... Some 85% of the current mining in Iran is unlicensed, Rouhani said in a televised

bitcoin Iran bans cryptocurrency mining for 4 months amid

1 day ago DUBAI - Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly 4 months, President Hassan Rouhani said on Wednesday, as the country faces major power blackouts in many cities. The ban on the mining of cryptocurrencies is effective immediately until September 22 ... Some 85% of the current mining in Iran is unlicensed, Rouhani said in a televised

Iran temporarily bans cryptocurrency mining after blackouts

May 26, 2021 Irans President Hassan Rouhani on Wednesday announced a four-month ban on all cryptocurrency mining, a day after his energy minister apologised

Energy Outages In Iran Affected Crypto Mining

May 26, 2021 Hasan Rohani cited crypto mining energy consumption as the reason for regional power outages in Iran. He stated at a cabinet meeting that the ban started immediately and would last until September 22nd. According to the data of blockchain analysis firm Elliptic, 4.5 percent of crypto money mining in the world is done in Iran.. Iran accepted the use of cryptocurrencies in the past years ...

Iran issues fourmonth ban on cryptocurrency mining

15 hours ago We recently saw New York looking to put a 3-year ban on mining crypto, but the problem seems much more serious for Iran. The nation has now issued a

Iran Bans Crypto Mining During Hot Summer Months

1 day ago Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Even before the peak summer electricity demand ...

Iran Bans Cryptocurrency Mining during Summer Season

1 day ago Cryptocurrency mining has been banned in Iran until 22 September, ahead of the countrys peak electricity demand season. The country is planning to avoid blackouts in major cities this summer due to an expected energy crisis. According to a report published by Bloomberg citing an official ...

Iran bans bitcoin mining as its cities suffer blackouts

14 hours ago Irans government announced a ban on the mining of bitcoin and other cryptocurrencies, the countrys president, Hassan Rouhani, announced Wednesday, as officials blame the energy-intensive process for blackouts in a number of Iranian cities.The ban is effective immediately and will be in place until Sept. 22, Rouhani told state TV, in the latest sign of high-profile rejection

Bitcoin mining is helping Iran avoid US sanctions study

May 24, 2021 While Irans crypto mining operations might currently be worth around $1bn in annualised revenues, they are also placing a major strain on the countrys creaking energy

Iran bans bitcoin mining as its cities suffer blackouts

May 27, 2021 Irans government announced a ban on the mining of bitcoin and other cryptocurrencies, the countrys president, Hassan Rouhani, announced Wednesday, as officials blame the energy-intensive process for blackouts in a number of Iranian cities. The ban is effective immediately and will be in place until Sept. 22, Rouhani told state...

Cryptocurrency Mining Sector in Iran Suffers Heavily Due

May 27, 2021 Introduce clean energy for mining instead of banning crypto-mining activity BTC consumes over 121.36 TWh yearly. So, it is very clear that if Bitcoin was a country, it would be listed among the top 30 electricity consumers in the whole world, according to the info by Cambridge University.

Iran to shut down crypto mining centers during peak energy

May 24, 2021 With the latest crypto-related regulation the government of Iran wants to impose, the amount of power can be saved in order to maintain balance and stability of the countrys electricity network, according to the Iranian Ministry of Energy.. Unlicensed crypto mining woes for the Islamic nation. On the other hand, unlicensed crypto mining centers operating on Iranian soil are believed to ...

Iran Renewable Energy amp Energy Saving Exhibition 29 Oct

May 28, 2016 Iran Renewable Energy amp Energy Saving Exhibition will be held 29 Oct to 01 Nov 2021 in Tehran, Iran.Iran Renewable Energy amp Energy Saving Exhibition is the most important event for energy sector in Iran. This exhibition focuses on the Renewable Energy amp Energy-Saving and environmental sectors and addresses the capable companies and successful organizations in the field of energy

Bitcoin Mining in Iran Still Among the Most Profitable

Jul 22, 2019 Iran has come to a final decision about its tariffs for cryptocurrency mining, which is now awaiting final approval from the Cabinet, according to a report from Iranian economic daily Financial Tribune.. Energy Minister Homayoon Haeri made the statement on July 21 that authorities have agreed to set electricity prices for cryptocurrency mining based on similar tariffs used for electricity ...

Is Iran Becoming A Bitcoin Nation Bitcoin Magazine

Nov 04, 2020 Last year, Iran legalized cryptocurrency mining and instituted heavy-handed regulations to control the practice. With access to oil reserves and relatively cheap electricity, Iran can offer heavily-subsidized power to miners and offset a bulk of the cost of mining cryptocurrencies like bitcoin for firms that play by their rules. Alternatives to fiat currencies like the USD are attractive to ...

Massive blackouts have hit Iran The government is blaming

Jan 16, 2021 When the lights are working, Irans combination of cheap electricity and high inflation has made it an ideal destination for the energy-intensive process of creating, or mining, digital ...

Officials in Iran Claim Bitcoin Mining Has Caused Several

Jan 18, 2021 Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining

Iran Points Fourmonth Ban On Cryptocurrency Mining

May 27, 2021 News Iran points four-month ban on cryptocurrency mining following widespread energy outages on iTechBlog.co - iTechBlog.co update news daily related science Thursday ,

Crytocurrency Mining Banned in Iran for 4 Months Amid

May 26, 2021 Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly 4 months, President Hassan Rouhani said on Wednesday, as the

Energy Blackouts Cause Trouble for Mining Industry in Iran

Jan 26, 2021 Therefore, the action by the government can discourage miners and startups from investing in the mining business and hence paralyzing the growth of the mining business, cryptocurrency industry as well as Irans economy at large. Blackouts come with consequences for the industry . The power outages pose a big risk to the mining industry.

Iran bans crypto mining for the summer ahead of peak

Bitcoin mining uses vast amounts of electricity. Olga Maltseva/Getty Images. Iran has banned cryptocurrency mining over the summer ahead of an anticipated surge in electricity demand, Bloomberg first reported.The country the past few days has experienced widespread blackouts due to higher than usual energy consumption, compounded by drought and high temperatures, according to Arab News.

Iran bans bitcoin mining as power cuts take over the

1 day ago Iran has banned cryptocurrency mining for four months as the energy-intensive industry has cast a shadow over electricity across the country. In recent weeks, companies and homes across Iran have had blackouts for six hours a day. Permanent blackouts cost Iranian chess players the match in the Asian online tournament.

Iran sends bitcoin miners a powerful message Asia Times

The energy produced by three of Irans major power plants will be offered to bitcoin mining operations exclusively, the Islamic republics Thermal Power Plant Holding Company (TPPH) has announced, according to a Tehran Times report.. Iranian power plants enjoy various fuel-related government benefits and subsidies, which are in turn used to produce electricity.

Iran to finish off authorised Crypto Miners in Peak Hours

May 23, 2021 Citing a necessity to keep up a stable electricity supply for different users, Asian nations are activating the plug on cryptocurrency mining farms whenever power consumption peaks. The lives supposed to contend with shortages can target authorised facilities despite the government admitting that illicit crypto miners burn far more energy.

Iran bans cryptocurrency mining activities till September

May 26, 2021 Cryptocurrency mining energy usage is now a concern. Iran banning cryptocurrency mining activities comes a few days after Chinese Vice Premier Liu He and the State Council suggested that the government could crackdown on cryptocurrency mining and trading activities. China is the largest crypto mining country globally, accounting for 65% of the ...

Iran Blames Bitcoin For Massive Electric Grid Blackouts

Jan 25, 2021 Cheaper energy means higher profit margins for miners. Advertisement And that inevitably led to illegal mining operations the government is now trying to stamp out with police raids.

Iran Bans Bitcoin Mining Over Power Grid Concerns BTCNN

May 26, 2021 Iran, which required bitcoin miners to obtain official authorization in the country, has now reportedly banned the practice. The government of Iran has announced a ban on bitcoin mining in the country until late September, according to Iran Front Page.. This move, which was announced by the countrys president, Hassan Rouhani, was necessitated by the huge burden placed on the national

Irans smog blackouts made worse by powersapping crypto

Jan 13, 2021 Irans smog, blackouts made worse by power-sapping crypto mining. Outages have been compounded by cryptocurrency mining, which uses banks of high-powered computers.

Iran Bans Crypto Mining During Hot Summer Months The

May 27, 2021 Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Even before the peak summer electricity demand season, Iran has been suffering from power outages as consumption soars, while power generation has

Officials in Iran Claim Bitcoin Mining Has Caused Several

Jan 19, 2021 Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.. Iran Suffers Blackouts BTC Mining to Blame? Iran like many of the worlds nations has been hit hard by the coronavirus pandemic.

Trump Administration Hopes to Make Iran Pressure

Oct 23, 2020 Oct. 23, 2020 123 pm ET ... to financing Irans terror-linked activities, including the petrochemical and metals industries, but highlighting Irans energy sector in particular. ...

Oil Prices Up on Potential Iran Deal That Could Hike

May 24, 2021 Oil prices are higher by 1.4%, despite new developments on a potential Iran nuclear deal which could add more oil supply to the market, while Goldman Sachs said the case for