Coinnounce
2021-01-19 08:15:56

Iran authorities seize 45,000 crypto mining rigs for illegally using subsidized electricity.

According to the Tasmin News Agency report, Iranian authorities reportedly seized 45,000 crypto mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir. 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 at cheaper prices. Authorized […]

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