Given government green light, power plants go aboard on cryp...| MENAFN.COM

Monday, 04 July 2022 04:52 GMT

Given government green light, power plants go aboard on crypto currency mining


(MENAFN) Pursuing the Iranian government's endorsement of crypto currency mining as an manufacturing activity last year, frequent companies founded mining crypto currency crossways the country thanks to the tremendously low-cost electricity, and now Iranian power plants founded to observe this industry as an occasion to boost their profits.

The Ministry of Industry, Mining and Trade subjected in January 1,000 plus licenses for crypto currency mining components.

By crypto currency mining taking a charge on Iran's electricity industry, energy authorities uttered worries about the vast forces applied by such activities on the electrical framework, so some energy plant corporations suggested to offer their excess electricity completely to the crypto currency miners.

So as to decrease the force on the national framework, the government concord to the suggestion but stated that the power plants will not be capable of advantage as of the government financial support on their fuel provides.

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