A recent report revealed that 1,620 illegal crypto mining farms have been forced to close by the Iranian administration.
The action was taken for the first time since the country approved crypto mining as a legal sector in July last year.
Most illegal crypto mining farms were identified in December when Bitcoin (BTC) set an all-time high quality record with 250 megawatts (MW) of electricity consumption.
However, for 24 legitimate crypto mining farms have been approved by the Ministry of Industry, Mining and Trade to use as much as 310 MW.
The use is based on the average power export rate and the country's Integrated Forex Management System (Nima).
“Miners are charged 4,800 rials for one kilowatt per hour (kW h) which is half of the power export rate in autumn, winter and interest. For the summer, miners have to pay double the 19,300 rial per kW. ”
Resources that work with the energy management body have been awarded a cash reward worth 100 million rials.
