March 28, 2024

Iran imposed a ban on cryptocurrency mining until the end of September

Iran imposed a ban on cryptocurrency mining until the end of September

Iranian President Hassan Rouhani said that a complete ban on cryptocurrency mining is in effect until the end of September.as these activities cause damage to the national power grid.

“Authorized cryptocurrency mining does not consumea large amount of electricity. We are talking about 300 megawatts. However, unauthorized miners consume too much electricity, about 2,000 megawatts. "- explains the President of the country Hassan Rouhani.

From May 26 to September 22, all miners (authorized and unauthorized) are prohibited from mining cryptocurrency.

According to the University of Cambridge, Iran accounts for 3.82% of the Bitcoin network hashrate. It is the sixth country in the world in terms of computing power.

The need to stop mining could significantly hit Iran’s budget, because previously the state used the mined cryptocurrency to increase revenue.

Bloomberg previously reported that in the energy systemIran faces significant problems. The drought has reduced electricity production and illegal mining is consuming too much energy. As a result, it is not enough for ordinary users. At the same time, the number of consumers is growing - their number has increased by a million since the beginning of the year. According to Energy Minister Reza Ardakanian, miners account for 16% of the total energy growth.

Problems have begun to appear in Iran's energy systemat the beginning of the year, but in the summer, outages began to happen more often. According to authorities, the situation has never been so critical. Due to power shortages, health care facilities are often unable to keep COVID-19 vaccine storage facilities at low temperatures. According to a representative of one of the Tehran companies, electricity is cut off for several hours, and sometimes for 2-3 days.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Iran imposed a ban on cryptocurrency mining until the end of September

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