According to the Iranian News agency, the Iranian government has lifted the ban on Bitcoin mining. The ban on bitcoin mining, which started last May, has been released according to the new decision.
It was known that there were power cuts in more than one point in many cities in Iran last year. Due to the cheap electricity prices, citizens from many countries started crypto money mining operations in Iran and set up ring systems. He used to install so many ring systems that power outages began to occur at many points in Iran.
The Iranian government has started a study to determine the source of these power outages. In line with the report that emerged as a result of the study, the main reason for the power outage was the ring systems installed at many points throughout the country. As the ring systems consume excessive electricity required for Bitcoin mining, voltage shortages have started to be experienced across the country.
After the detection made in the capital Tehran, it announced that it has banned crypto currency mining nationwide by taking a sudden decision while the people were already in revolt. After this statement of the Spirit, many cryptocurrency miners are moving to the surrounding countries. Some continued to do this in secret.
After 6 months, cryptocurrency mining will be released again, according to a new statement made now. At this point, Iran, which has established the necessary electricity infrastructure for cryptocurrency mining, no longer thinks that it will have problems.
So why are electricity prices so low in Iran? The main reason for this is nuclear energy. Electricity prices remain low thanks to nuclear energy. Because of this, many citizens have entered the crypto currency mining business in Iran.
Cryptocurrency mining has been a serious source of income for the Iranian people. The high dollar rate and the fact that the payment is made in dollars in cryptocurrency mining is a great advantage for the Iranian people. At this point, so many people got into the cryptocurrency business that power outages were starting to happen at the highest level. In Tehran, almost 4 days a week, power cuts began to appear and the shopkeepers and the people came to the point of revolt. Rouhani also imposed a ban to temporarily collect this situation.
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