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The Iranian government is using intelligence personnel to find and block large established farms that are used to mine cryptocurrencies like Bitcoin (Bitcoin),Bloomberg Reported on Friday.
The Iranian Student News Agency reported the testimony of a distribution coordinator of a state-run grid operator. He said that the Ministry of Intelligence has begun to establish committees across the country to find and occupy encrypted mines.
After the country’s power grid began to falter due to massive consumption, Iran recently stepped up its efforts to curb illegal mining of cryptocurrencies.Due to the increase in energy use by miners, Tavanir, the state-owned energy grid operator, was forced to restrict the use of electricity in certain areas of the country, resulting in power failure, And the dimming of street lights.
Iranian officials are eager to stop more than just large-scale efforts.The spokesperson of the country’s Ministry of Energy recently remind Citizens believe that mining cryptocurrency at home is also illegal, and anyone arrested will face huge fines if they are arrested.
In Iran, cryptocurrency mining is considered a legal industrial activity. It is subject to permits, and the price of electricity used in the process is regulated by the government. Mostafa Rajabi, spokesperson for Iran’s Ministry of Energy, said that as much as 87% of Iran’s cryptocurrency mining is considered illegal.
According to reports, a fruitful source of information provided by the government to the government about mine operations is local whistleblowers, who are motivated by cash rewards to inform the authorities of illegal activities. This year, the State Grid operator doubled the maximum reward for successful reporting to 200 million riyals ($873), which is more than four times the actual tip. Median monthly salary domestic.
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