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The Iranian government recently approved digital coin mining The announcement which was made on July 2019 by the country s Economic Commission has prompted authorities to find ways to control crypto mining within its current legal structures Thanks to the country s reduced electricity costs mining has been thriving even before it was officially legalized

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Mining investors need to pay a certain amount of refundable electricity deposit to the Iran s state grid Small and medium sized miners could apply to enter the industrial park in groups With nearly 900 megawatts of power the cloud computing industrial park can hold 500 000 to 600 000 mining machines

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20 ensp 0183 ensp Mining investors need to pay a certain amount of refundable electricity deposit to the Iran s state grid Small and medium sized miners could apply to enter the industrial park in groups With nearly 900 megawatts of power the cloud computing industrial park can hold 500 000 to 600 000 mining machines

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The government of Iran is said to have issued a license to Turkey based iMiner to mine bitcoin in Iran Local media outlet Tabnak reported the news last week saying that the license given by Iran s Ministry of Industry Mine and Trade will allow iMiner to deploy 6 000 bitcoin mining machines in the country s Semnan city Iran currently has a total of over 148 000 bitcoin mining machines

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