Iran’s crypto miners will now have access to electricity from three of the largest power plants in the world.

In July, the Iranian government allowed power plants in the country to engage in block-reward mining.

The necessary equipment has been installed in three power plants. 

Three power plants, Ramin, Neka, and Shahid Montazeri, have installed the required equipment, and the auction documents will be uploaded to the SetadIran.ir website shortly. As Tarztalab revealed, the power plants would only sell power generated from expansion turbines to the miners. These generators, such as natural gas, run on renewable energy. The use of these turbines would also ensure that crypto-miners do not disturb the national grid because the turbines are not connected to the national grid. The power plant itself uses only the energy generated by them.

The crypto mining industry grows in Iran.

This is the latest nod to Iran’s crypto mining industry, a market that has been gradually growing over the past two years. The government was not explicit at first, raising questions about high power consumption. In July 2019, over 1,000 mining rigs were confiscated by the authorities over alleged high power usage, while several block reward mining operations were also banned in the region.

Since then, the policy has changed, as the government recognized the economic gains that digital currency mining can make for the country. The head of TPPH reported that the economic stimulus was the company’s fundamental justification for venturing into crypto mining.

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