Iran is in the top 7 leaders in terms of cryptocurrencies mining

Iran is among the top 7 leaders in the world in terms of Bitcoin and other crypto coins mining. This was announced by the executive director of the project for the power supply of mining farms, Mohammad Khodadadi Bohluli.

“Thanks to the reduced tariffs, Iran is among the seven countries with the largest volume of cryptocurrency mining” – he said, adding that China, Russia, the United States, Kazakhstan, Canada, Iceland are leading in the ranking.

Bohluli noted that over 196 thousand mining farms that worked without licenses have been discovered and closed in Iran so far.

These illegal farms consumed 570 megawatts of electricity, he said.

Earlier, Iranian President Hassan Rouhani said that the country has banned cryptocurrency mining for 4 months. The decision is due to the fact that the heavy load on the network due to mining, caused lack of electricity in many cities.

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