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Up to 47% Power Tariff Discount Offered to Authorized Cryptominers

Up to 47% Power Tariff Discount Offered to Authorized Cryptominers Up to 47% Power Tariff Discount Offered to Authorized Cryptominers

In a bid to support authorized cryptocurrency mining, Iran Power Generation, Distribution and Transmission Company (Tavanir) said it will cut up to 47% of electricity tariff for miners during the peak consumption periods. 
Speaking to state TV, Mostafa Rajabi, a spokesman for the main utility in Iran, said the aim is to support legal mining centers during the four summer months during which electricity rates are usually set much higher for crypto miners. 
"To be eligible for the incentives, the miners can take part or invest in Tavanir's recent efficiency plans such as the ongoing project to replace one million old (gas-powered) air conditioners with energy-efficient ACs," he said.

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