Iran Bitcoin Miners Set Up Shop in Mosques Amid Gov’t Crackdown
Mosques’ free electricity make them an attractive option for miners keen to limit the pain of economic hardship.
Iran, which offers free energy to mosques, now has around 100 miners occupying places of worship, generating much-needed income of around $260,000 a year.
“This money goes a long way in Iran’s choked sanctioned economy,” Oxford University researcher Mahsa Alimardani explained on Twitter.
Despite its increasingly troubled economic situation, Iran remains uncoordinated when it comes to cryptocurrency policy.
Now, after bitcoin mining allegedly contributed to a 7% spike in power consumption in June, 1,000 miners have been seized, Cointelegraph reported on Tuesday.
“Two of these bitcoin farms have been identified, with a consumption of one megawatt,” Reuters additionally quoted Arash Navab, an official from the energy industry in Yazd province, as telling state television.
Tehran had previously recognized domestic cryptocurrency mining as an industry.
As Cointelegraph reported, the majority of bitcoin mining now uses sustainable energy sources, while separate research tackles claims the process is environmentally damaging.