Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Even before the peak summer electricity demand season, Iran has been suffering from power outages as consumption soars, while power generation has declined. A few weeks ago, Iran banned the use of air conditioning at Tehran’s state agencies as the country looks to save electricity consumption and prioritize electricity supply to homes and hospitals. Tehran Power Distribution Company has said that the use of air conditioners at government agencies in the capital is prohibited to ease the pressure on the electricity distribution network during peak hours. The government is looking to prioritize electricity supply to residential areas and hospitals after Iran’s hydropower generation slumped this year because of a lack of rainfall. The rush to mining cryptocurrencies has only exacerbated the problem with Iran’s electricity supply. A total of […]