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Iran's Tight Crypto Mining Conditions

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After a four-month mining ban, crypto miners will now be able to resume operations in Iran. The ban was due to blackouts that began back in December after more than 600 megawatts of energy was being used by illegal mining operations. 

However, new mining licenses will be difficult to obtain as a number of new requirements must be met to be approved.  One of the primary stipulations requires farms to operate with renewable energy sources, per the Ministry of Industry, Mine and Trade (MIMT).  

Iran has struggled with energy consumption over the last several years, and the increasing number of mining facilities only exacerbated the issue.

Illegal mining has become quite a problem in the country, and officials have mentioned finding other ways to provide energy and make those sources legal, but no further details have been released on the issue, according to a recent report. 

Furthermore, the allowance of crypto mining from other sources could be expanded in the future, but as of now, the country plans to keep strict conditions on who is able to mine while energy usage remains an issue. 

Mining became legal for Iranians back in 2019, and since then, Iran has decided to implement a licensing process to help identify miners and require them to pay larger tariffs for electricity. Miners are also under strict requirements to sell their mined coins to the Central Bank of Iran. 

Future Efforts  

Future plans for Iran include building renewable power plants that will have a daily capacity of up to 10,000 megawatts, according to an announcement from the Ministry of Energy, Renewable Energy and Energy Efficiency Organization (SATBA).   

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CJ is a copywriter by trade, specializing in technology and the decentralized world. He's a staunch supporter of financial freedom, self improvement, and living to one's highest potential. He currently runs Techtonic Copywriting while also acting as a marketing advisor for several startups and companies.

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