Iran's state energy holding Tavanir has required cryptocurrency miners — who earlier received a green light for their activity — to suspend operations once again this year, the Financial Tribune reports. According to the report, the authorities want to avoid a shortage of electricity due to an increase in its consumption in winter.
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The move is expected to prevent possible shutdowns during periods of high demand. The representative of the holding said:
"Since last month, the Ministry of Energy has been taking measures to reduce the use of liquid fuel at power plants, including by cutting off the power supply of licensed crypto farms."
The power plants have managed to save fuel for the coming months, the representative added. This is not the first time Iran's authorities crack down on cryptocurrency mining.
In May, the authorities also banned mining to avoid power outages during last summer, when energy consumption increased. The decision had been taken after power outages had occurred in several cities of the country due to excessive electricity consumption by bitcoin (EXANTE: Bitcoin) and other cryptocurrency miners.
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