(Persia Digest) – The largest Bitcoin (cryptocurrency) mining operation with over 1134 farms has been discovered in Varamin, southeast of Tehran.

Persia Digest (PD) reports that Bitcoin mining has been a hot topic of discussion in Iran in the past few months. Subsidized power in Iran has made mining a rather lucrative operation; although, some people also steal the cheap electricity by using high-voltage transmission towers to mine Bitcoin.

In recent weeks, there have been several reports on the discovery of Bitcoin mining across the country. In the latest news, the regional electricity manager of Tehran Province, Muslim Haji Mozdarani, said: “From three weeks ago, we have started identifying miners due to a surge of electricity usage putting pressure on the grid at peak time. To date, fourteen Bitcoin mining operations have been identified in Varamin.”

He added: “The largest center is in Varamin with 1134 farms. This was both a mining center and a hub for generation and distribution across Tehran Province.”


Read more:

UK universities work with US to sanction Iranians

Iran trade surplus tops $1b in seven months

How can the bitcoin undermine US sanctions


Varamin has the most users of electricity tariffs for agriculture and industry due to its large surface area in Tehran Province. Large numbers of industrial parks have also made Varamin a safe haven for Bitcoin farms.

Tehran’s electricity manager also said: “Most cryptocurrency mining computers have been brought into the country illegally.”

Although there is still no clear legislation in Iran for Bitcoin mining, certain officials have mentioned the requirement for licences.

Comments
Name:
Email:
* captcha:
* Comment:
Trending
Latest news