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Iran: Crypto Mining Power Tariffs Revised Downward

Iran: Crypto Mining Power Tariffs Revised Downward Iran: Crypto Mining Power Tariffs Revised Downward

Addressing concerns over high electricity prices for legal crypto mining operations, Iran's Ministry of Energy said Wednesday that it has modified the tariffs  for authorized miners based on the seasonal power consumption patterns.
Henceforth miners will be charged 4,800 rials for one kilowatt-hour -- equal to half the electricity export rate in autumn, winter and spring. 
However, billings will be made based on 19,300 rials/kw, two times higher than the price for electrify export, in the peak summer season (June to September), the Energy Ministry news portal reported. 
Electricity rates in Iran are among the lowest in the world -- 0.7 cent kilowatt-hour. This partly led to the sudden surge in crypto mining farms across the country, even in small rural areas where the grids could not handle the sudden heavy load. 

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