X @BSCN

Illegal Crypto Mining in Iran - Over 95% of crypto mining machines in Iran are operating illegally [1] - Unauthorized miners consume over 1400 megawatts of electricity, enough to power millions of homes [2] - Subsidized electricity prices have turned Iran into a "paradise for illegal miners" but strain the national grid [1][2] Government Crackdown - Authorities are offering 1 million toman (~$24) for every illegal mining device reported [4] - In Tehran Province, 104 illegal farms were dismantled and 1465 mining machines seized, equivalent to the power usage of about 10000 homes [3] - 80 new farms were discovered this year, running more than 1300 devices and drawing power equivalent to 8000 households [3] Impact and Global Ranking - Illegal operators disguise their activities as industrial facilities to access cheaper power [2] - Iran accounts for 42% of global Bitcoin hashrate, ranking fifth globally [4]