Legalizing cryptocurrency mining would help the power sector, head of the board of directors of the Power Generation Companies Syndicate said Monday.
"Unlike the common belief that cryptocurrency miners put enormous pressure on the national power grid, because their consumption throughout the year is constant and has no voltage fluctuations, technically they are considered good consumers," Mohammad Ali Vahdati was quoted as saying by IRNA.
Drawing parallels between air conditioners and digital currency mining, he said the former adds to the power load on the grid whenever users turn on and off their units. The latter keeps working round-the-clock uninterruptedly and does not subject the network to added pressure.
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