Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, Illegal Farms Burn 2,000 MW According to official data, entities that are authorized to mine cryptocurrencies in the Islamic Republic use up to 300 megawatts (MW) daily, ISNA news agency reported. This amount of electricity can be saved to maintain the balance and stability of the electricity network, said Mostafa Rajabi Mashhadi, spokesman of the Iranian Ministry of Energy responsible for the electricity sector. At the same time, estimates based on registered loads show that unlicensed crypto mining centers currently consume more than 2,000 MW of electricity. The Iranian government considers these operations illegal and points
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