Gov’t proposes renewable energy for crypto mining

Financial Tribune – Ministry of Energy has recently called authorized crypto miners to set up their own renewable energy at farm levels, allowing miners to use the national grid as a backup when renewable output is low.

In a new measure, Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) announced that it would purchase the excess electricity output of authorized miners who build their own renewable energy farms.

“Authorized crypto miners who develop their own renewable energy in farms, can feed the excess energy into the national grid and receive the equal amount of electricity when they need it,” Jafar Mohammadnejad, SATBA’s spokesman was quoted as saying.