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Iran Outlaws Bitcoin Mining Amid Power Shortage Crisis

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BeInCrypto –

Iran has experienced recent issues with rolling blackouts and power shortages that have been blamed on new bitcoin mining farms in the region. 

After suffering through numerous power outages in Tehran and several other large cities, the Iranian government has placed the blame on Bitcoin miners. Specifically, new operations that have sprung up in the wake of China’s sweeping bans on crypto-mining claims a new report by CNBC. Many of these mines are also operating illegally without a license, according to government officials. 

The belief among officials in Iran is that a majority of the energy needed to power cities is being used by illegal miners. Officials didn’t place the blame solely on the shoulders of miners, however, and added that natural gas shortages and drought have had a negative impact on Iran’s hydropower capabilities. 

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