War on Illegal Bitcoin Mining: Iran Confiscates 7,000 BTC Mining Machines

The war on “illegal” Bitcoin mining contiues; this time the focus is on Iran where around 7,000 mining machines were confiscated:

War on Illegal Bitcoin Mining: Iran Confiscates 7,000 BTC Mining Machines

According to Reuters on Tuesday (June 22, 2021), General Hossein Rahimi, Tehran police chief, revealed that the computer miners were found at an abandoned factory in Iran’s capital, which was used to carry out illegal cryptocurrency mining activities.

The latest seizure is the largest ever carried out by Iranian authorities. Back in January, the Iranian government confiscated over 1,500 unlicensed crypto mining farms. In the same month, authorities seized 45,000 bitcoin mining rigs.

Iran’s cheap electricity has seen an influx of bitcoin miners to the country. A study by Elliptic, a blockchain and crypto analytic firm, showed that Iran accounts for over 4% of bitcoin mining.

However, the government seems to have come down hard on the bitcoin mining sector, with various operations targeted at illegal BTC miners. According to Iran, bitcoin mining activities allegedly affected the country’s electricity supply.

Full article here: https://cryptopotato.com/war-on-illegal-bitcoin-mining-iran-confiscates-7000-btc-mining-machines/

 

Master Asked on June 22, 2021 in Bitcoin.
Add Comment