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Iranian crypto miners will have to reduce and limit their mining operations as full-scale mining activity may lead to power shortages during the winter season.
Winters are tough in Iran and the Government of Iran feels that power shortages may occur during the season. For avoiding occurrences of power shortages during the winter season, the Iranian Government has devised a strategy that provides for a reduction of mining activity. Because of the low temperatures, the production of energy is going to be reduced automatically. In order to ensure that energy is supplied without any hindrance to consumers, the Government is setting up limits on electricity usage by miners.
Through the power sector’s regulator namely Tavanir, the Government of Iran has been informing registered miners to reduce their mining operations. Miners will have to reduce their mining operations at least for the remaining winter season until there is a betterment in the temperature. However, imposing restrictions will adversely affect the mining operations in the country. Mining activity is one of the prominent sources of revenue generation for Iran.
Contrary to this, Tavanir has asked several registered miners to unplug their equipment which is normally more power-hungry than others.
Such a strategy was seen in the current year’s summer season as well where miners were asked to minimize their operations. It was expected that their full-scale mining operations may lead to power outages in the hot humid summer days. The policy remained in force till the end of September 2021 and was lifted at the start of the month of October.
There were too many liquid fuels that were being used to produce electricity at the Iranian power plants. However, since November 2021, the Ministry of Iran has been trying to minimize the use of liquid fuels. Tavanir further suggested that seeking registered miners’ assistance is usual for ensuring the day and night supply of electricity to every consumer. Such actions were taken in the past to eliminate the risk of facing power shortages.
The fear is in Iran is that the sources of liquid fuels usually shrunk in the winter months. There are at least two more tough winter months ahead and it is expected that by that time liquids will be reduced considerably. Resultantly, the reduction in liquids will lead to low production of electricity which will, in turn, cause power shortages.
Earlier, when registered miners were asked to reduce mining operations, the community objected to the Government’s decision. They suggested that there were unregistered miners which were actually consuming 2,700 MW more electricity than the registered miners. This then led to the full-on operation against the illegal miners. Many of such illegal mining operators were caught and their operations suspended immediately. Since mining is a legal activity, therefore, miners are within their right to raise objections against Government’s winter policy.
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