Iranian bitcoin (BTC) miners are shifting into mosques as the federal government launches an vitality crackdown, social media customers revealed on June 25.
Iran, which provides free vitality to mosques, now has round 100 miners occupying locations of worship, producing much-needed revenue of round $260,000 a yr.
“This cash goes a good distance in Iran’s choked sanctioned economic system,” Oxford College researcher Mahsa Alimardani defined on Twitter.
Regardless of its more and more troubled financial state of affairs, Iran stays uncoordinated on the subject of cryptocurrency coverage.
Final yr, the central financial institution formally forbade lenders from servicing crypto companies, similtaneously officers stated they might contemplate launching their very own digital token.
Now, after bitcoin mining allegedly contributed to a 7% spike in energy consumption in June, 1,000 miners have been seized, Cointelegraph reported on Tuesday.
“Two of those bitcoin farms have been recognized, with a consumption of 1 megawatt,” Reuters moreover quoted Arash Navab, an official from the vitality business in Yazd province, as telling state tv.
Tehran had beforehand acknowledged home cryptocurrency mining as an business.
As Cointelegraph reported, nearly all of bitcoin mining now makes use of sustainable vitality sources, whereas separate analysis tackles claims the method is environmentally damaging.
This week, a U.S. firm dedicated to constructing a solar-powered farm which can develop into the biggest in North America when it begins working in California.