Iranian authorities inspect 1,000 Bitcoin mining machines

Iranian state television reported that the Iranian authorities seized about 1,000 bitcoin mining machines at two abandoned factories. Arash Navab, an electricity official in Yazd province in central Iran, said: "Two of these bitcoin farms have been found and consume 1 megawatt of electricity." The Iranian authorities issued a warning that bitcoin mining activities It has led to a surge in electricity consumption, and the electricity bill generated is subsidized by the government.