{"id":53984,"date":"2021-01-19T09:01:32","date_gmt":"2021-01-19T09:01:32","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=53984"},"modified":"2021-01-19T09:01:32","modified_gmt":"2021-01-19T09:01:32","slug":"iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=53984","title":{"rendered":"Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: Report"},"content":{"rendered":"<p><img decoding=\"async\" width=\"696\" height=\"392\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: Report\" loading=\"lazy\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-768x432.jpg 768w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-300x169.jpg 300w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-1024x576.jpg 1024w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-696x392.jpg 696w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-1068x601.jpg 1068w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-747x420.jpg 747w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-190x107.jpg 190w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-380x214.jpg 380w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report-760x428.jpg 760w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/01\/iran-seizes-45000-bitcoin-miners-for-illegally-using-subsidized-government-electricity-report.jpg 1280w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\"><\/p>\n<p><strong>Police in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2021\/01\/17\/2434192\/thousands-of-illicit-bitcoin-mining-machines-seized-in-iran\">According<\/a> to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific integrated circuit (ASIC) bitcoin miners had been consuming 95 megawatts (MW) per hour of electricity at cheaper prices.<\/p>\n<p>Authorized miners are charged around 4,800 rials ($0.11) per kilowatt-hour in autumn, winter and spring, says the Iranian Energy Ministry. Subsidized rates may be half as much.<\/p>\n<p>Since 2019, when crypto mining became legal in Iran, the Islamic Republic has <a href=\"https:\/\/news.bitcoin.com\/iran-shuts-down-1620-cryptocurrency-mining-farms\/\">shut down <\/a>1,620 unauthorized mining farms, local media reported earlier this month. The farms consumed 250MW of electricity, it said.<\/p>\n<p>Now, the Middle East country is currently facing severe power shortages due to rising winter demand, with rolling blackouts across major cities. The government decided to blame bitcoin (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>) mining for the dire situation.<\/p>\n<p>As a result, Iran\u2019s Energy Ministry has temporarily cut the supply of 600MW of power to all authorized <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> miners in the country, redirecting the energy to household use.<\/p>\n<p><!-- growjs zone placement 31 --> <ins> <ins class=\"growjs-placement\"><\/ins> <\/ins> <!-- end of growjs zone placement --> <\/p>\n<p>Per the Tasmin News Agency report, authorities also put a halt to production at a vast mining operation in the southwest of Iran. The facility is owned by a Chinese-Iranian investment company and is reportedly using \u201ctens of thousands\u201d of ASIC miners to extract bitcoin.<\/p>\n<p>Some cryptocurrency researchers have argued that although miners are being targeted, they were not responsible for the current blackouts. Ziya Sadr <a href=\"https:\/\/www.washingtonpost.com\/world\/2021\/01\/16\/massive-blackouts-have-hit-iran-government-is-blaming-bitcoin\/\">told<\/a> the Washington Post that bitcoin mining accounts for a very small share of the national electricity consumption total in Iran, where demand peaks at 40,000MW in winter.<\/p>\n<p><em><strong>What do you think about the Iranian government\u2019s bitcoin equipment seizure? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener noreferrer\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Police in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week. According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific integrated circuit (ASIC) bitcoin miners had been consuming 95 megawatts (MW) per hour of electricity [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":53985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-53984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/53984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53984"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/53984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/53985"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}