• 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

xAI Challenges Minnesota's AI Nudification Law in Federal Court

chest

xAI, founded by Elon Musk, sues Minnesota AG to block HF 1606, a law regulating AI nudification software, claiming it violates free speech.

user avatarAndrew Smith

Concerns of an AI Bubble Similar to 2008 Housing Crisis

chest

Concerns about a potential AI bubble are being discussed, drawing comparisons to the 2008 housing crisis and the dot-com bubble.

user avatarZainab Kamara

Rising Treasury Yields Impact Stock and Crypto Markets

chest

The recent surge in US 30-year treasury yields is impacting stock and cryptocurrency markets, leading to increased borrowing costs and a preference for safer investments.

user avatarJacob Williams

AI Companies Destroying Books for Training Data Raises Concerns

chest

AI companies are acquiring and destroying physical books to create training datasets, raising concerns about copyright and the preservation of literary works.

user avatarSon Min-ho

Cryptocurrency Scams Account for Over Half of Cybercrime Losses

chest

A report by the Consumer Federation of America reveals that cryptocurrency scams have led to significant financial losses, with estimates reaching 807 billion.

user avatarAyman Ben Youssef

Zcash Launches Ironwood Upgrade to Enhance Security and Privacy

chest

Zcash has launched the Ironwood upgrade to prevent counterfeit coins from entering circulation and to enhance privacy.

user avatarTando Nkube

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.