• 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

Made with AI

  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.

chest
chest
chest

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coinbase Emphasizes Editorial Standards in New Report

chest

Coinbase has published a report that emphasizes its strict editorial policy focusing on accuracy, relevance, and impartiality.

user avatarKaterina Papadopoulou

New Report Released by SEC

chest

A report has been released based on information provided by the SEC, aimed at informing the public about relevant data and increasing transparency regarding its activities.

user avatarMaya Lundqvist

Wintermute Emphasizes Editorial Standards in New Report

chest

Wintermute has published a report that emphasizes its strict editorial policy focusing on accuracy, relevance, and impartiality.

user avatarLeo van der Veen

Bank of Russia Introduces New Crypto Trading Framework for Ordinary Investors

chest

The Bank of Russia has introduced a draft directive allowing nonqualified investors to trade cryptocurrencies with a limit on annual purchases.

user avatarLi Weicheng

Github Unveils New Report on Editorial Policy

chest

Github has released a new report outlining their strict editorial policy, emphasizing accuracy, relevance, and impartiality to enhance trust and transparency.

user avatarAisha Farooq

Bank of America Sets Bullish Price Target for AMD Stock

chest

Bank of America Securities analyst Vivek Arya has set a bullish price target for AMD stock, predicting it could reach 620.

user avatarTenzin Dorje

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.