Express
Bloomberg: Crypto Mining is Worsening Air Pollution in Iran
Summary: According to a Bloomberg report, the energy requirements of Bitcoin and crypto mining in Iran coupled with the demand for heat in an exceptionally cold winter have contributed to a natural gas shortage, forcing power plants to allegedly burn "low-grade fuel oils" to meet the country’s electrical needs. The result has been "thick layers of toxic smog" ...
According to a Bloomberg report, the energy requirements of Bitcoin and crypto mining in Iran coupled with the demand for heat in an exceptionally cold winter have contributed to a natural gas shortage, forcing power plants to allegedly burn "low-grade fuel oils" to meet the country’s electrical needs. The result has been "thick layers of toxic smog" across many Iranian cities and blackouts as some power plants have closed.
Some Iranian officials have continued to work towards making the country a regulatory safe haven for crypto miners. In last May, President Hassan Rouhani tasked officials with drafting plans for a national crypto mining strategy. The number of mining operations in the country expanded significantly in 2020, with authorities granting Turkish firm iMiner permission to establish a 6,000-rig facility in Iran’s Semnan province.
By Amy Liu
Tags: Air Pollution,Crypto Mining,Iran
Link: Bloomberg: Crypto Mining is Worsening Air Pollution in Iran [Copy]
