Iranian gov offers bounties to rat out illegal Bitcoin miners

posted 9 months ago
The Iranian government is offering a bounty for anyone that reports illegal Bitcoin BTC mining businesses to the authorities. Iran Energy Ministry spokesperson Mostafa Rajabi said that anyone who outs those using subsidized electricity for cryptocurrency mining will be rewarded with up to 20% of the funds recovered from the miner.

To calculate the monetary impact of Bitcoin miners on the grid, Rajabi said a baseline figure of $0.08 per KWh is used. Furthermore, corporations that fill up their space with cryptocurrency miners — and meet the nation’s mining regulations — will be given incentives.
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