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Jul 01, 2019· Reuters reported tha local authorities blamed an "unusual" spike in electricity consumption in the country on cryptocurrency miners. Iranian Energy Ministry spokesperson Mostafa Rajabi said that confiscated bitcoin mining machines were mostly to blame for a 7% increase in power consumption in the month of June.
Jun 27, 2019· Iranian authorities have seized about 1,000 bitcoin mining machines in two abandoned factories, state television reported, after warnings that the activity had led to a spike in consumption of ...
Iranian authorities have seized 1,000 bitcoin mining rigs in a government crackdown on crypto mining. Electricity consumption has spiked in the country, which became a ''hot spot'' for bitcoin mining in 2018 due to lowcost, subsidized electricity.
Aug 01, 2019· Iranian provincial police have arrested an individual smuggling in cryptocurrency mining machines, local news agency Fars News reported on July 31.. The Saveh Police Department''s AntiTrafficking Police seized a truck allegedly carrying 117 cryptocurrency mining machines to the value of billion Iranian rials (277,876 at press time).
Jun 28, 2019· Subscribe to our channel! /subscribe Iranian State TV released footage of 1,000 Bitcoinmining machines in two abandoned factories after they were seized in the central province of Yazd on ...
Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines. Jun 30, 2019· Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two nowdefunct factories, BBC reported on June 28 As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities.
Iranian provincial police have arrested an individual smuggling in cryptocurrency mining machines, local news agency Fars News reported on July 31. The Saveh Police Department''s AntiTrafficking ...
In previous rankings, the top five corporations were IDRO with an asset of 112,658 billion rials followed by Iran Khodro with an asset of 65,971 billion rials, Iran Mining Industries Development and Renovation Organization with 52,184 billion rials, SAIPA car factory with 40,528 billion rials and National Petrochemical Company with 32,024 ...
Mining in Iran is underdeveloped, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineralrich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth 770 billion in 2014. Mineral production contributes only per cent to the country''s GDP.
Jun 29, 2019· The authorities of Iran seized about a thousand mining machines of Bitcoin from two factories. As per reports, the authorities warned them when they found a spike in electricity consumption. The machines used electricity which the Iranian government subsidized. To this, an official in Yazd, the central Iranian province, came forward to talk.
Jun 28, 2019· The Iranian government is cracking down on bitcoin mining operations after claims that mining operations were destabilizing the power grid and .
"Most of the mining giants in China, or miner makers, do not dare to host their machines in Iran. This is the general situation. ... According to Sedighi, cryptocurrency mining in Iran itself is ...
Financial Tribune is the only nongovernmental Iranian English daily newspaper. We cover news and analysis about Iran economy, markets
Jun 29, 2019· Iran Seizes 1,000 Bitcoin Mining Machines Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two nowdefunct factories. As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities.
Iranian Mines Mining Industries Development Renovation (IMIDRO) intends to carry out 34 mining projects by the calendar yearend to March 19 2017, a senior industrial official said. Iranian Deputy Trade Minister and head of the IMIDRO, Mehdi Karbasian, said on Sunday that the projects will be completed with an investment of billion.
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The provincial police of Iran recently came out with a report stating that they did arrest cryptocurrency smuggler. According to sources, News. Cryptocurrency News Blockchain News Ethereum News Ripple News Altcoin News Bitcoin News Crypto Scams. Cryptocurrency News.
Jun 28, 2019· Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of governmentsubsidized electricity, according to a Tech2 report on June.
Sep 25, 2019· 1,000 Bitcoin Mining Machines Seized After Iranian Power Spike The demand for power in Iran rose by 7% in June, which was highly unusual for the nation. It was thought that the reason for the spike was the increased use of cryptocurrency mining equipment according to Iran''s energy ministry spokesman. While cryptocurrency has been popular [.]
Jun 29, 2019· Officials Seize Hundreds of Bitcoin Mining Machines in Iran. JP Buntinx June 29, 2019 Crypto. Bitcoin is a very unique form of money which is often .
Jun 28, 2019· Media caption Bitcoin defined: How do cryptocurrencies work?. Bitcoin mining has reportedly sprung up in quite a lot of places in Iran. "Everybody''s speaking about Bitcoin and methods to get it," mentioned Msa Alimardani, a researcher on the Oxford Web Institute, who grew up in Iran.
Jul 01, 2019· Government in Iran have confiscated about 1,000 devices of bitcoin (BTC) mining machines from two nowdefunct factories, BBC reported on June 28 As reported, native government spotted a surge in electrical energy intake by way of 7% previous in June and connected it to cryptocurrency mining actions ...
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Authorities in Iran have confiscated about 1,000 units of bitcoin mining machines from two nowdefunct factories. Authorities in Iran have confiscated about 1,000 units of bitcoin mining machines from two nowdefunct factories, BBC reported on June 28. As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities.
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