how illegal crypto mining cripples Iran’s electricity and eco
The most immediate and damaging consequence of unregulated crypto mining is its colossal drain on Iran’s already fragile national power grid. The primary incentive for illegal miners is the country’s heavily subsidized electricity prices, which are among the cheapest in the world.
While licensed miners must pay a higher, export-pegged tariff, the illegal farms tap into the grid using residential, agricultural or industrial connections, paying a fraction of the actual cost or, in some cases, bypassing meters entirely.
The sheer scale of this unregulated consumption is staggering. Iranian power officials have estimated that unauthorized crypto mining operations consume thousands of megawatts of power daily, an amount often…
