Iran’s Illegal Crypto Mining Crisis Intensifies Amid Crackdown
- Over 95% of Iran’s crypto mining devices, totaling approximately 427,000, are operating illegally.
- Iran ranks as the world’s fourth-largest hub for crypto mining, largely due to subsidized electricity.
- Illegal miners consume over 1,400 megawatts of power continuously, straining the national grid.
- 104 unauthorized mining farms were shut down in Tehran Province, with over 1,465 machines seized.
- Citizens can earn rewards of about $24 for reporting illegal mining operations to authorities.
- Iran contributes approximately 4.2% to the global Bitcoin hashrate distribution.
The Iranian government is actively targeting illegal mining operations that threaten electricity stability and public resources. Specialized teams are collaborating with law enforcement to dismantle these unlicensed activities across various hotspots in the country.
With over half of its mining devices operating without authorization and significant power consumption from illicit farms, Iran faces a critical challenge in regulating its crypto mining sector effectively. (Source)
