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  4. Electricity Provider of Iran Warns About Power Outages Caused By Illicit Crypto

Electricity Provider of Iran Warns About Power Outages Caused By Illicit Crypto

salvadormartin
2022-10-27 12:44:49

The national electricity ministry warned on Sunday that illicit crypto mining in Iran risks causing power outages this winter. Iranian officials frequently accused unauthorized Bitcoin miners of using massive quantities of power.

Illicit Crypto Mining Cause Power Outages in Iran
According to a statement issued by the Iranian state news agency IRNA, illicit Bitcoin mining is to blame for at least "10% of power disruptions this winter."

Post Reply  
anabellcortess
2022-10-27 12:48:16

If there are not many miners, it may not be a big problem. The problem is when the miners are increasing and the consumption of the electric power will be higher and higher multiple times. It will also depend on the availability and supply of the electricity itself in that country.