🚨 Crypto Crackdown: Iran Seizes 240,000 Mining Rigs in 3 Years! 🚨
Story Highlights
- Iran seizes 240,000 crypto mining rigs in 3 years.
- Illegal crypto miners consume 2,000 MW in Iran.
- 700,000 unauthorized mining rigs still active across the country.
Oh dear, oh dear! It seems the crypto mining bandits have been caught red-handed! Iranian authorities have seized a whopping 240,000 crypto mining rigs over the past three years. This is quite a haul, if I do say so myself! 🎉
Mostafa Rajabi Mashhadi, the chief executive of Tavanir, the state electricity company, explained that the confiscated mining equipment required a whopping 800 megawatts of electricity. He compared it to the Bushehr nuclear power plant, which has a capacity of 1,000 megawatts. It’s like trying to fill a bucket with water, but the bucket has a giant hole in it! 🤯
Despite the authorities’ best efforts, the situation with unauthorized cryptocurrency mining persists. Mashhadi thinks the Economic Security Police should work a bit harder to catch those sneaky mining operations. And if they get caught, they’ll be fined three times the value of their equipment. Ouch! 🤑
Iran Faces 25,000 MW Deficit Amid Rising Crypto Mining
It’s a bit like a never-ending game of whack-a-mole! The authorities confiscate thousands of mining rigs, but more than 700,000 unauthorized mining devices remain operational throughout the country. These unauthorized miners consume almost 2,000 megawatts of electricity, putting even more strain on Iran’s power infrastructure. It’s a bit like trying to hold water in a leaky bucket! 🤯
Rising temperatures and growing industrial power requirements have made the situation even more dire. The energy crisis has led Iran to temporarily close governmental facilities, educational institutions, and financial institutions throughout the country. It’s a bit like a domino effect! 🤯
Experts predict that Iran will face a deficit of 25,000 megawatts in electricity production for the upcoming year, which is approximately thirty percent of national power usage. It’s a bit like trying to run a marathon with a broken leg! 🏃♂️
The Central Bank of Iran plans to introduce new regulations to keep an eye on cryptocurrency activities. Iranian cryptocurrency holders reportedly hold assets valued between $30 billion and $50 billion. It’s a bit like a big ol’ pot of gold at the end of the rainbow! 🌈
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2025-03-10 21:10