Business And Markets

Cryptocurrency Mining in Limbo

Cryptocurrency Mining in Limbo
Cryptocurrency Mining in Limbo

Power plants can supply authorized cryptocurrency miners so long as the electricity is sold at the agreed (lawful) tariffs, a spokesperson for the Power Generation, Distribution and Transmission Company (Tavanir) said.
"Providing electricity to authorized crypto mining units also requires Tavanir's permission," Mostafa Rajabi Mashhadi was quoted as saying by IRNA.
As per law, miners are charged 4,800 rials for one kilowatt-hour that is half the electricity export rate in autumn, winter and spring. However, billings are planned to be based on 19,300 rials/kw, twice the price for exported electricity in summertime (June to Sept).


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