Iran's Power Struggle: Crypto Miners vs. The Grid

A Growing Problem

In Iran, a significant issue is unfolding. Nearly all of the country's 427,000 crypto mining machines are operating without permission. This is a massive concern because these machines consume more than 1,400 megawatts of electricity daily—an enormous amount of power!

Strain on the National Grid

The situation is so severe that it is overloading the national power grid. To exacerbate the problem, many of these illegal miners are deceptive. They pose as industrial facilities to obtain cheaper electricity, which is unfair to other citizens who need power for their homes and businesses.

Authorities Crack Down

Authorities are intensifying their efforts to shut down these illegal operations. In just one province, they have closed down 104 illegal mining farms and seized 1,465 machines. This is enough power to support nearly 10,000 households!

Citizens Called to Action

The government is also seeking help from citizens. They are offering cash rewards for anyone who reports illegal mining activities. This highlights how serious the problem has become.

Iran: A Crypto Mining Hotspot

Iran has become a global hotspot for crypto mining, ranking fifth in the world for Bitcoin mining. However, with this popularity comes significant challenges. The country must balance the benefits of crypto mining with the critical need to maintain a stable power grid.