Iran’s capital and outlying provinces have faced rolling power blackouts for weeks in October and November, with electricity cuts disrupting people’s lives and businesses. And while there are likely several factors involved, some suspect that cryptocurrency mining has has a role in the outages.
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For his part, Pezeshkian has said that he must “honestly tell the public about the energy situation.” And with electricity in general sold at subsidized rates, bitcoin processing centers have boomed. They require immense amounts of electricity to power specialized computers and to keep them cool. Rajabi, the state electricity company CEO, said his firm would offer rewards of $725 for people to report unlicensed bitcoin farms.
Donald Trump Masoud Pezeshkian Power Outages Iran Government General News Military And Defense Middle East Mostafa Rajabi Paul Atkins United States Government World News Richard Nephew Technology Business
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