Iran Pauses Bitcoin Mining Until Sept.22

The Iranian government has decided to save electricity by stopping cryptocurrency mining during the busy summer season.

The Iranian government has decided to save electricity by stopping cryptocurrency mining during the busy summer season .

Bloomberg reported that Iran’s local crypto miners have stopped working to support Bitcoin and other cryptocurrency networks before the summer season, when electricity demand is often at its highest in the country. Recent cuts in several major cities have prompted the authorities to take this decision.

Paused Until September 22

Iran’s decision to pause Bitcoin mining was announced by President Hassan Rouhani. This suspension will be valid until September 22nd. It is stated that this decision of Iran may push miners to illegally mine Bitcoin.

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