15 Nov 2024
Thursday 15 August 2019 - 15:34
Story Code : 356661

Iran Blockchain Community criticizes high power tariffs

Financial Tribune - head of Iran Blockchain Community says imposing high tariffs on electricity consumption by cryptocurrency mining is actually pushing miners out of Iran and into neighboring countries waiting with open arms.

Describing the governments decision as self-immolation, Sepehr Mohammadi said a large number of crypto investors have moved to Russia, Georgia and Armenia.

Each kilowatt-hour currently costs 2 cent for cryptocurrency miners in Kazakhstan, Turkmenistan, Russia and Georgia, Fars News Agency quoted him as saying.
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