Over the last five months, Iran has seized more than 9,400 cryptocurrency mining equipments, while also dealing with power outages over the summer. According to Iran International and Kambiz Nazerian, CEO of Tehran Electricity Distribution Company, these mining rigs were found scattered throughout the city. A majority of that sum is attributable to a massive […]
more than 9,400 cryptocurrency mining equipments, while also dealing with power outages over the summer.and Kambiz Nazerian, CEO of Tehran Electricity Distribution Company, these mining rigs were found scattered throughout the city.
This, a short time after Iranian officials modified several regulations for the cryptocurrency mining sector to make it easier for it to get green power. Licensed miners will now have access to discounted electricity produced nationwide from renewable sources.The administration frequently cited cryptocurrency mining as a major factor behind the rise in demand. According to the, Iran contributed to 7.5% of Bitcoin’s hashrate in March last year.
Iran later switched off power to 118 authorized crypto-mining farms in June out of concern that there wouldn’t be enough energy to meet peak demand during the country’s hotter months.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel’s premier urges West to reject Iran nuclear dealCalling emerging agreement a ‘bad deal’, Israel’s prime minister says U.S. President Joe Biden has failed to honor red lines he had previously promised to set
Read more »
Father of Iran flight crash victim arrives in Ottawa with demands for justiceThe father of a teen who died in the Flight 752 shootdown arrives in Ottawa to hand Trudeau a letter with demands for justice for the flight victims
Read more »
U.S. says airstrikes in Syria intended to send message to IranU.S. military airstrikes in eastern Syria were a message to Iran and Tehran-backed militias that targeted American troops this month and several other times over the past year, the Pentagon said Wednesday.
Read more »
U.S., Iran inch closer to nuke deal but high hurdles remainThe Biden administration is expected to weigh in this week on Iran's latest offer to resume its compliance with the 2015 Iran nuclear deal, but neither side is offering a definitive path to revive the agreement, which has been on life-support since former president Donald Trump withdrew from it in 2018.
Read more »
Father of Iran flight crash victim arrives in Ottawa with demands for justiceThe father of a victim aboard Ukraine International Airlines Flight 752 -- shot down by Iranian missiles in January 2020 -- has arrived in Ottawa after marching for over two weeks to meet Prime Minister Justin Trudeau.
Read more »
Oil rises as Iran talks linger and U.S. crude stockpiles decline - BNN BloombergOil rose after a government report showed the US is exporting a record number of crude and refined products as the market waits to learn whether nuclear negotiations will clear a path for Iran to sell more oil.
Read more »