| 18-01-21
— “Authorities in Iran have seized tens of thousands of bitcoin mining machines that they claim have been using illegally subsidized electricity from state-run energy provider Tavanir.

According to a report by local media outlet Tasmin News Agency on Sunday, 45,000 mostly application-specific integrated circuit (ASIC) machines were confiscated.

The powerful machines had purportedly been consuming 95 megawatts per hour of electricity at a reduced rate, according to Tavanir’s head Mohammad Hassan Motavalizadeh.

Earlier this month, Iranian authorities shut down 1,620 illegal cryptocurrency mining farms said to have collectively used 250 megawatts of electricity over the past 18 months, per a different news source.”

https://www.coindesk.com/bitcoin-miners-seized-electricity-iran

By Treadstone 71

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