Iranian police confiscate 45,000 bitcoin mining machines illegally using subsidized electricity

posted about 1 month ago
Mohammad Hassan Motavalizadeh, head of Iran’s state-run electricity company Tavanir, said on Saturday that the miners, mostly of the application-specific integrated circuit (ASIC) type, had been consuming 95 megawatts per hour (MWh) of electricity at an ultra-cheap price.

“The total reduced consumption corresponds to the (electricity) use for a city with a population of over half a million,” said the official.
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