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Iran temporarily stops local Bitcoin mining to prevent power outages

                                                            Das iranische Energieministerium hat lokale autorisierte Cryptowährungs-Miner angewiesen, ihre Aktivitäten angesichts von Stromengpässen in den kältesten Monaten des Jahres vorübergehend einzustellen.  Dies ist das zweite Mal, dass die Behörden solche Maßnahmen ergreifen, wie sie es zwischen Mai und September dieses Jahres getan haben.

Same ban, different season

After the Iranian government issued the BTC-Mining was responsible for power outages, it imposed a temporary ban in late May. The country’s officials claimed that its power grid would not sustain the rush during the hottest time of the year and stopped cryptocurrency mining operations until September 22 (when the weather cools).

Three months later, the local energy ministry put the same rules in place before the winter season when energy consumption climbs back to a maximum. In an interview for local media, Mostafa Rajabi Mashhadi – Chairman of the Iranian Grid Management Company (Tavanir) – said:

“Since last month, the Department of Energy has been implementing measures to reduce the use of liquid fuels in power plants, including cutting the power supply to licensed crypto farms, shutting down lampposts in less risky areas and strictly monitoring consumption.”

The executive said the move was necessary because the air temperature will drop from this week, according to the forecast by the Meteorological Organization. This would lead to an increase in electricity consumption and disrupt the country’s energy network.

The authorities were quite strict during the previous crackdown on cryptocurrency mining operations. In June, they confiscated around 7,000 cryptocurrency mining machines found in an abandoned factory in the Iranian capital, Tehran.

Mining trends around the world

Iran is one of the world’s leading providers of cryptocurrency mining, accounting for between 3% and 4% of the total hash rate on the network.

As of this writing, the United States is responsible for the majority of the hash rate at 35.4%. Kazakhstan follows with 18.1%, followed by the Russian Federation (11.2%) and Canada (9.6%).

It’s worth noting that this rating was severely affected by the total crypto ban imposed by the People’s Republic of China this summer. Previously, the most populous country was the undisputed leader in terms of global hash rate.


Source: Crypto News Deutsch

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