Three Iranian Power Plants to Start Selling Electricity to Miners

Three Iranian power plants, Themal Power Plant Holding Company, They will begin to sell excess electricity to cryptocurrency miners, To get a new source of income.

According to publication
Tehran Times, The large energy company Thermal Power Plant Holding Company (TPPH) stated, that cryptocurrency miners will now be able to buy electricity through auctions from its three power plants.

“The necessary equipment is installed at three power plants: In Ramin, Some and Shahida Mounts, And in the near future, auction documents will be uploaded to the SETADARAN.IR website ", – said the head of TPPH MOKHENS TARTSTALAB (Mohsen Tarztalab).

Three power plants have a total output capacity 5 485 megawatts. Iran was one of the first to officially equate cryptocurrency mining to industry last summer. Now the government issues mining licenses, providing companies with the right to extract and sell the received crypto assets. The industry report for January said, that Iran issued more than a thousand such licenses in the first six months of the law.

In the summer Iran allowed
Large -scale BTC mining operations at power plants. Interested enterprises will have to comply with certain rules, Some of them have already submitted mining applications. According to Bitcoin Mining Map, The current share of Iran in the world hashrate bitcoin is 3.82% - This is almost twice as much, than in early September 2019 years.

Despite the growth of production costs, Iranian power plants are forced to supply electricity to the national network at fixed prices. Tarztalab said, that the sale of power to miners will help enterprises to remain profitable. Power plants in Ramin and some work on natural gas, And the company in the martazeri marter – to oil from a nearby oil refinery.

Source