The government of Iran is closing down cryptocurrency mining companies that are operating in the country without a permit. Through the help of informants, the power company of Iran closed down over 1000 cryptocurrency mining companies who were claimed to have been operating without suitable licenses.
Even though the government states that some companies were making use of excessive funded electricity, they also claimed no major differences were seen regarding electricity usage. This is the primary reason they had to depend on informants, as the power company could not discover all illegitimate companies only by looking at their electricity usage pattern.
It also reported that persons who supplied information that led to the discovery of these illegal miners were given $480 for their collaboration.
Lately, the government of Iran announced that big power plants would be allowed to mine BTC so far they don't make use of the subsidized electricity.
The law of the mining of cryptocurrency states that miners must reveal and share their identities and supply their data. The provided data must contain the size of their mining firm and the type of machines they use. These collected data are part of efforts to stop smuggling into Iran.
Illegitimate cryptocurrency miners are charged within $2,000 to $5,000 per unit of machine they use and an extra $20,000 if found to be making use of subsidized electricity.
Source: Cointelegraph
