Iran officially confiscates 45K Bitcoin mining machines after illegal activities are closed


It is said that the majority of ASIC machines used to mine bitcoin use 95 megawatts of energy per hour at a reduced cost.

Iranian authorities also confiscated tens of thousands of Bitcoin mining machines suspected to have been using electricity unlawfully subsidized by state-owned energy supplier Tavanir.

45,000 largely efficient application-specific integrated circuit (ASIC) machines have been seized, according to a story by the local media outlet Tasmin News Agency on Sunday.

According to Mohammad Hassan Motavalizadeh, head of Tavanir, the devices allegedly used 95 megawatts per hour of electricity at a reduced cost.

Earlier this month, 1,620 illicit crypto-currency mining farms were shut down by Iranian officials, who said they had collectively consumed 250 megawatts of electricity over the past 18 months, according to a separate news outlet.

Recent blackouts around major cities in the country have been partly blamed on cryptocurrency mining, attracting the wrath of officials demanding a provisional stay on bitcoin (BTC, +3.94%) mining before further notice.

On Sunday, cryptocurrency researcher Ziya Sadr told the Washington Post that miners had “nothing to do with the blackouts” saying that they only made up a “very small” proportion of the country’s total electricity capacity.

Iran wrote a registration order in July of last year, requiring miners to expose their identities. It also compelled them to inform the Ministry of Industry, Mines and Trade of the scale of their mining farms and their type of mining machinery.


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