{"id":12239,"date":"2021-12-28T19:41:12","date_gmt":"2021-12-28T19:41:12","guid":{"rendered":"http:\/\/ci0295e22650002481"},"modified":"2021-12-28T19:41:12","modified_gmt":"2021-12-28T19:41:12","slug":"iran-bans-bitcoin-mining-until-march","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/iran-bans-bitcoin-mining-until-march","title":{"rendered":"Iran Bans Bitcoin Mining Until March"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Iran has restricted bitcoin mining operations for the second time this year.<\/li>\n<li>Licensed miners are required to shut down until March.<\/li>\n<li>Excessive energy demand has led to less power sent to industrial consumers.<\/li>\n<\/ul>\n<p>Iran has once again ordered bitcoin miners to shut down to ease power demand on the country\u2019s energy grid during the winter months. Licensed miners are expected to receive the green light to resume operations in March 2022.<\/p>\n<p>Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. and a spokesman for Iran\u2019s power industry, said the measures will be in place until March 6 in an attempt to reduce the risk of blackouts and ensure power stability to households across the country, according to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-28\/iran-orders-crypto-mining-ban-to-save-power-amid-winter-crunch?srnd=cryptocurrencies\" target=\"_blank\" rel=\"noopener\"><em>Bloomberg<\/em><\/a> report.<\/p>\n<p>Bitcoin miners will free up an estimated 209 megawatts of power by shutting down over the next few months. Other power rationing measures being leveraged by Iran\u2019s government include turning off street lights in some areas and restricting energy usage in offices, the report said.<\/p>\n<p>\u201cAuthorities are also cracking down on illegal mining carried out by both individuals at home and larger-scale industrial units,\u201d per the report. \u201cThese unlicensed operators account for the largest share of crypto mining in the country, consuming more than 600 megawatts of electricity.\u201d<\/p>\n<p>The Iranian government took similar measures to cut down energy consumption in May. A <a href=\"https:\/\/bitcoinmagazine.com\/business\/iran-bans-bitcoin-mining\">temporary ban<\/a> was put in place to curtail the power usage of bitcoin miners over the summer as authorized and unauthorized operations were estimated to consume about 2,300 MW of electricity. Miners were granted permission to come back online in October, as the <a href=\"https:\/\/bitcoinmagazine.com\/business\/bitcoin-mining-is-now-legal-in-iran\">ban was lifted<\/a> and operations resumed.<\/p>\n<p>\u201cIran\u2019s daily gas demand in the household sector soared to an unprecedented 570 million cubic meters per day for the first time on record, while the country has \u2018maxed out\u2019 its natural gas production at 800 million cubic meters a day, according to a National Iranian Gas Co. statement last week,\u201d the report said. \u201cThe excessive demand has forced a reduction in electricity supply to industrial units.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country has ordered miners to shut down for the second time this year over blackouts concerns.<\/p>\n","protected":false},"author":2572,"featured_media":7298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1551,189,1712],"class_list":["post-12239","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-ban","tag-bitcoin-mining","tag-iran"],"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/is-iran-becoming-a-bitcoin-nation.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=12239"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/7298"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=12239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=12239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=12239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}