Utility Imposes Summertime Restrictions on Cryptomining

Iran Power Generation, Distribution and Transmission Company (Tavanir) announced new restrictions on supplying electricity to cryptomining centers for three months. 

In a letter to the miners, published on way2pay website, the major utility said it will provide mining farms power between 12 a.m. to 7 a.m. over the next three months, when summer power consumption reaches peak.

It notified miners that they must completely turn off their machines from July 6 to August 6, as they will not be supplied with power even during the night in the month as temperatures soar. 

Cryptomining centers that use renewable power and those that have participated in Tavanir initiatives for renovating electronic devices are exempt from the restrictions and will operate normally. 

First Vice President Mohammad Mokhber in November said new rules for crypto assets are in the making in addition to those approved in 2019.

As per the rules, cryptominers are obliged to receive special permits from the Ministry of Industries, Mining and Trade for importing equipment and the approval of the Iran Standard Organization for using them.