Iran seizes 1,000 Bitcoin miners, says mining with state electricity is a no-no

Authorities in Iran have seized around 1,000 Bitcoin mining machines from two abandoned factories, according to Reuters. The report hasn’t stated what cryptocurrency was being mined, or for how long the farm had been operating. It’s also unclear why, or for how long the farms were abandoned. “Two of these Bitcoin farms have been identified, with a consumption of one megawatt,” Arash Navab, a power official in the central province of Yazd, told state television. The news comes just days after local media reported that Irananian officials were blaming the country’s recent increase in energy consumption on cryptocurrency mining. The…

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