A senior Iranian Energy Ministry official has warned against the flood of illegal cryptocurrency mining machines into the country amid an intensifying crackdown on crypto miners in China.
Monday reports in local news agencies showed that CEO of Iran’s electricity company Tavanir had raised serious concerns about the issue in a letter addressed to authorities in the country’s anti-trafficking department.
Mohammad Hassan Motavali Zadeh had said in the letter dated July 19 that because of the highly subsidized electricity prices Iran the country would be a major destination for illegal trafficking of computers used for crypto mining, a process which is very energy-intensive.
“The possibility for the arrival of those machines from China to our country in the upcoming weeks is evaluated at very high,” read part of the letter.
The official expected that a majority of the crypto mining machines would be transferred out of China as the country is introducing very harsh measures to control the practice.