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Iran Authorities Confiscate Over 45,000 BTC Mining Machines

Iran Authorities Confiscates Over 45,000 BTC Mining Machines
  • Iran Authorities have seized 45,000 Bitcoin mining machines.
  • Electricity consumption in Iran boosts due to crypto mining farms.

According to a report, Iran police have seized over 45,000 Bitcoin mining machines. Authorities confiscated the machines because the owners were “illegally using subsidized electricity.”

The Iranian government currently struggles to provide the country over 40,000 MWh. Therefore, computer devices used in mining Bitcoin and other cryptocurrencies are strictly discouraged inside the country.

Due to the country’s strong campaign against digital mining, the authorities capture multiple trending videos of many crypto farms in the Southeastern part of Iran participating in digital mining. As a result, the Energy Ministry of Iran cut the electricity supply of the digital mining farm.

As per Iran’s electricity company head Mohammed Hassan Motavalizadeh, these mining machines were application-specific integrated circuits (ASICs). In other words, these ASIC computers consume large amounts of electricity when operated. Specifically, the ASICs drained about 95 megawatts per hour (MWh) of electricity per hour.

Motavalizadeh said,

The total reduced consumption corresponds to the (electricity) use for a city with a population of over half a million.

Iran has implemented a series of measures to specifically restrict illegal cryptocurrency mining farms. Moreso, looking at this, the measures will help to possibly reduce electricity usage even from the authorized bitcoin farms.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.