Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Iran Blames Bitcoin Miners for Unstable Power Grid

written by

Iran Blames Bitcoin Miners for Unstable Power Grid

Support free journalists: > send a tip

Local Iranian media are carrying reports that say the state is putting the blame squarely on Bitcoin miners for causing an unstable condition for national power grids, as the surge in electricity usage is currently unsustainable.

Energy Ministry spokesperson Mostafa Rajabi Mashhadi was quoted as saying that a 7% spike in power usage just in the past month has not gone unnoticed, warning:

“A bulk of that unusual increase is because of the activity of bitcoin miners… making the grid unstable and causing problem for other users.”

He went on to say that crypto used large amount of electricity because of the way they were set up, with the network incentivizing people to provide computing power to solve increasingly complex cryptographic puzzles in order to find new blocks and add verified transactions. The more difficult the complexity of the network, the more computing power is needed to solve these puzzles, and the more secure the network becomes (as the more difficult it is to obtain enough computing resources to try and hijack the network via a 51% attack).

This entire process is known commonly as mining, and Bitcoin mining has never been more complex, with each year since its existence over 10 years ago adding to the amount of electricity consumed to power highly specialized mining rigs.

Reportedly, each Bitcoin mined in Iran uses the same power as 24 Iranian households do over an entire year.

The state believes that most miners are now operating from factories, agricultural sites, government offices and mosques — which all run on subsidized energy. Supposedly, investors from nearby Armenia but as far away as France and Ukraine are now investing in the local mining industry.

Iran spends about USD 1 billion annually on electricity subsidies so it may want to crack down as economic sanctions bite deep. Mashhadi has promised:

“Bitcoin miners will be identified and their electricity will be cut.” is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter