Iran Bans Crypto Mining for the Rest of This Summer, Citing Electricity Shortages

Crypto miners were forced to deal with power cuts over and over, the Iran Power Generation, Transmission and Distribution Company (Tavanir) has advised them to end operations once more, for the rest of this summer.

They are anticipating electricity shortages in the following three months of hot climate conditions when demand will rise exponentially due to the rising utilization of electricity by air cooling systems.

[Via]

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