Rolling blackouts plague Iran and some suspect bitcoin mining may have role in outages
Live MintTehran, Dec 13 Iran's capital and outlying provinces have faced rolling power blackouts for weeks in October and November, with electricity cuts disrupting people's lives and businesses. “Unfortunately, some opportunistic and exploitative individuals use subsidized electricity, public networks and other resources for cryptocurrency mining without authorization," Mostafa Rajabi, the CEO of Iran's government-owned power company, said back in August. Iran's reformist President Masoud Pezeshkian ordered several power plants to stop burning mazut, a high-polluting heavy fuel common in the former Soviet Union countries. The amount of power used by some 230,000 unlicensed devices is equivalent, he said, to the entire power needs of Iran's Markazi province — one of the country's chief manufacturing sites.