For the reason that crypto mining frenzy that began in 2013, there are durations in time when the GPU miners have inconvenienced others within the lust for the digital coin. In Iran, the nation has reportedly been investigating energy outages brought on by – you guessed it – GPU mining farms.
The punchline right here is that every one these mining farms aren’t regionally owned, however are in actual fact, programs owned by a Chinese language firm named RHY. In keeping with a report by El Chapuzas Informatico, the corporate shifted its cryptomining operations from the mainland into Iran. Why, you ask? As a result of in Iran, the price of electrical energy consumption is 4 instances decrease than in China; Iran is likely one of the a number of international locations that may boast having one of many lowest value for electrical energy consumption at US$0.027 (~RM0.11) per kilowatt.
On the time of writing, Iran is dwelling to a minimum of 14 massive mining farms operating constantly, consuming a complete of 300 megawatts of energy. For context, that’s the facility consumption of a metropolis with a median of 100000 folks residing in it.
Regardless of the facility outages, Iranian authorities have stated that the corporate that owns the mining farms weren’t doing something improper and had obtained all the required authorisation to function the services within the space.