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Iran Officials Blame Bitcoin Miners for Blackouts and Pollution

Iran Officials Blame Bitcoin Miners for Blackouts and Pollution
Iran’s authorities are blaming Bitcoin miners for widespread blackouts and pollution across the country.
In August 2019, amid comprehensive US sanctions, Iran eased restrictions on cryptocurrencies as it was shut out of traditional financial markets. Bitcoin “legally” mined could be used for financing imports.
Authorized miners could use a limited amount of Iran’s subsidized energy. But cryptocurrency farms, with banks of high-powered computers, began draining supplies. The problem was compounded by thousands of “illegal” operations.
With the price of Bitcoin rising sharply, the Government has been accused of involvement in the illegal schemes. Mahmoud Vaezi, the head of President Hassan Rouhani’s office, responded that there has been “pressure to regulate [the market] in some way”. ....

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Iran government blaming bitcoin mining for massive blackout – Ya Libnan

BY: Miriam Berger, The Washington Post
Iranian health officials have warned that high levels of pollution will exacerbate the effects of the coronavirus pandemic, which has already caused more deaths in Iran than in any other country in the Middle East [File: Majid Asgaripour/Reuters]
Massive blackouts and smog have hit cities across Iran. It’s a toxic mix as the country, already under economic duress and suffocating U.S. sanctions, simultaneously battles the region’s worst coronavirus outbreak.
Blackouts are not new in Iran, where an aging and subsidized electricity sector is plagued by alleged mismanagement.
Only this time, government officials say that bitcoin mining at so-called cryptocurrency farms – the energy-intensive business of using large collections of computers to verify digital coin transactions – is partly to blame. ....

Soult Ukpyolsi , South Korea , United States , Miriam Berger , Hassan Rouhani , Ali Vaezi , Ali Beikverdi , Joe Biden , Iranian Blockchain Association , Washington Post , Middle East , Mostafa Rajabi Mashhad , Iranian President Hassan Rouhani , Last November , தெற்கு கொரியா , ஒன்றுபட்டது மாநிலங்களில் , மிரியம் பெர்கர் , ஹாசன் ரூஹானி , ஓஹோ பிடென் , இராநியந் ப்ளாக்சைன் சங்கம் , வாஷிங்டன் போஸ்ட் , நடுத்தர கிழக்கு , இராநியந் ப்ரெஸிடெஂட் ஹாசன் ரூஹானி , கடந்த நவம்பர் ,

Massive blackouts have hit Iran. The government is blaming bitcoin mining.

Iran's cheap energy and high inflation has made it a center for so-called cryptocurrency mining. ....

Soult Ukpyolsi , South Korea , Hassan Rouhani , Ali Vaezi , Ali Beikverdi , Joe Biden , Iranian Blockchain Association , Mostafa Rajabi Mashhad , Iranian President Hassan Rouhani , Last November , தெற்கு கொரியா , ஹாசன் ரூஹானி , ஓஹோ பிடென் , இராநியந் ப்ளாக்சைன் சங்கம் , இராநியந் ப்ரெஸிடெஂட் ஹாசன் ரூஹானி , கடந்த நவம்பர் ,