Iran has been experiencing rolling blackouts recently, and it is believed that illegal cryptocurrency mining operations are to blame. Cryptocurrency mining requires a significant amount of electricity, and it appears that some individuals or groups in Iran are conducting these operations without proper authorization.
The excessive energy consumption from these illegal mining activities is putting a strain on Iran’s power grid, leading to blackouts in various parts of the country. This has caused inconvenience and disruption to the daily lives of many Iranians.
It is important to note that cryptocurrency mining is a legitimate and legal activity when done with the proper permits and in compliance with regulations. However, illegal mining operations not only put a strain on the power grid but also deprive the government of much-needed revenue from licensing and taxes.
Authorities in Iran are cracking down on these illegal mining operations in an effort to alleviate the strain on the power grid and prevent further disruptions to the country’s electricity supply. It is crucial for individuals and businesses to adhere to regulations and obtain the necessary permits when engaging in cryptocurrency mining to avoid contributing to these issues.