Iranian miners have to pay real prices for electricity

Cryptomaniac
By June 10, 2019 14:42

Mining - Coinconomist

Iranian Deputy Energy Minister Homayoun Haeri said that cryptocurrency miners have to pay for electricity at the same tariffs as for electricity exports, according to the Iranian economic newspaper Financial Tribune.

According to him, the government annually pays out about $ 1 billion in electricity subsidies. At the same time, when the government spends its own funds to cover the gap in real energy costs and the fact that consumers pay, Iranians receive income from mining cryptocurrencies. So, according to Haeri, miners have the opportunity and must pay for electricity in full.

Note that Iran demonstrated a positive position in cryptocurrency production in September last year. This happened after the main government agencies – including the Ministry of Information and Communication Technology, the central bank, the Ministry of Energy and others – accepted the mining cryptocurrency as an industry. At the same time, the Iranian National Cyberspace Center began developing a platform for regulating the mining of cryptocurrencies, and the relevant authorities began to consider the development of a regulatory framework for this.

Also, in order to stabilize the economy, the Iranian government is considering the possibility of launching a state-backed cryptocurrency.

Read also:

Subscribe to our Telegram channel (Russian) and Twitter (English) to be aware of the latest news.

ServiceDescriptionRead overviewStart trading
Risk Warning: Remember that using various services for the exchange and trading of cryptocurrency carries risks to your capital. We are not responsible for the safety of your funds.
The largest cryptocurrency trading platform. Large selection of coins, a variety of markets, support of stablecoins.Read overviewStart trading
The best centralized exchange for the purchase of cryptocurrency using bank transfers and cards.Read overviewStart trading
localbitcoinslogoThe best and largest P2P cryptocurrency exchange in the world. Support for many countries, low commissions, reliability and safety tested by time.Read overviewStart trading
Cryptomaniac
By June 10, 2019 14:42