The push by many in Iran to establish the country as a mecca for crypto miners may be having some unintended environmental consequences.
According to a Bloomberg report, the energy requirements of Bitcoin (BTC) and crypto mining in Iran coupled with the demand for heat in an exceptionally cold winter have contributed to a natural gas shortage, forcing power plants to allegedly burn “low-grade fuel oils” to meet the country’s electrical needs. The result has been “thick layers of toxic smog” across many Iranian cities and blackouts as some power plants have closed.
Iran is already facing economic burdens as U.S. sanctions have isolated the country from foreign financial institutions, a dire situation with the global pandemic — roughly 1.3 million total cases of COVID-19 — and now a winter with average temperatures just above freezing at night in Tehran.
Bijan Namdar Zanganeh, Iran’s Oil Minister, reportedly denied that any power plants in the country were resorting to using