• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Iran Offers $24 Reward for Information on Illegal Crypto Miners

user avatar

by Giorgi Kostiuk

2 years ago

  1. Energy Issues in Iran
  2. Reward for Information
  3. Illegal Crypto Mining


    4. Iran faces significant energy shortages amid extreme heat. The country has decided to offer rewards for information on illegal crypto mining operations.

    Energy Issues in Iran

    Temperatures in Iran have soared to 113 degrees Fahrenheit (45 degrees Celsius), straining the energy grid. The CEO of the state-run electricity company Tavanir has stated that cryptocurrency miners contribute to this additional load.

    Reward for Information

    Tavanir CEO Mostafa Rajabi Mashhadi announced that a bounty of one million tomans, equivalent to approximately $24 at the current exchange rate, will be awarded for information on unauthorized cryptocurrency mining equipment.

    Opportunistic individuals have been exploiting subsidized electricity and public networks to mine cryptocurrencies without proper authorization.Mostafa Rajabi Mashhadi

    Illegal Crypto Mining

    Mashhadi reported that 230,000 illegal crypto-mining rigs, consuming up to 900 megawatts of power, had been discovered — equivalent to the consumption of an Iranian province with a population of 1.4 million people. Iranian authorities often announce the discovery of illegal miners, many of which operate out of schools and mosques.

    Iran aims to address energy supply issues caused by illegal crypto mining by offering rewards for information and tightening control over energy resources.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Santiment Updates Ethereum Development Activity Rankings

chest

Onchain analytics firm Santiment has shared updated rankings of Ethereum-based projects, focusing on Development Activity, which measures the work done by developers on public GitHub repositories.

user avatarMaya Lundqvist

Ethereum Open Interest Surges Despite Price Drop

chest

Ethereum Open Interest has surged, indicating new positions in the derivatives market despite a decline in ETH spot price.

user avatarLeo van der Veen

US Leads Crypto Inflows with European Support

chest

The United States led the inflows into crypto investment products, with significant participation from European countries, indicating steady institutional interest.

user avatarLi Weicheng

Bermuda Collaborates with Stellar Development Foundation for Infrastructure Growth

chest

The government of Bermuda is partnering with the Stellar Development Foundation to enhance its infrastructure capabilities.

user avatarAisha Farooq

Sejm Reviews Competing Crypto Bills Amid Controversy

chest

The Sejm of Poland is reviewing four competing bills to regulate the cryptocurrency market, following a veto of earlier legislation by President Karol Nawrocki. The debate includes proposals from both government and opposition parties, with discussions on the controversial firm Zondacrypto.

user avatarTenzin Dorje

Poland's Law and Justice Party Proposes Total Ban on Digital Assets

chest

The Law and Justice Party in Poland proposes a total ban on all digital asset activities, marking a significant shift in cryptocurrency regulation.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.