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Archyde May 27, 2021 by archyde High energy consumption After hours of power outages: Iran bans mining of cryptocurrency Iran, which has been hard hit by sanctions, is said to have earned hundreds of millions of US dollars with cryptocurrency © Justin Tallis / AFP May 27, 2021, 6:52 pm The mining – “Mining” – of crypto currencies like Bitcoin is a million dollar business, also and especially in Iran. However, because the procedure requires an enormous amount of electricity, it should be jointly responsible for the last hours of power outages. The consequence: a four-month ban. The Iranian government bans the mining of Bitcoin and other cryptocurrencies for four months. The reason for this are numerous power outages, for which government officials primarily blame illegal miners.

Majid reza haririHassan rouhaniJustin tallisUs treasury departmentChinese chamberMinistry of energyYannik schPresident hassan rouhaniUnited stateIranian chinese chamberமஜித் ரெஸ ஹரிரிஹாசன் ரூஹானிஎங்களுக்கு கருவூலம் துறைசீன அறைஅமைச்சகம் ஆஃப் ஆற்றல்ப்ரெஸிடெஂட் ஹாசன் ரூஹானி