Change of mining electricity regulations by the Ministry of Energy; Will electricity become more expensive for miners?

The electricity rate of digital currency miners in the country since 2018 is half of the average export rate (2,530 Tomans) in 8 months of the year and 2 times the export rate in the 4 peak months of the year. Now, however, the Department of Energy has apparently decided to ditch the practice that made it easier for miners to pay energy bills and instead use the same export rate year-round.

According to Aruzdigital, according to the legal decree of the government, the electricity of digital currency miners in the country is calculated at the average export rate. Since 2018 and with the start of legislation in the field of digital currency mining, with the proposal of government agencies, these conditions have been provided for miners, so that in 8 months of the year, the activists of this industry can get their electricity at a rate equal to half of the export rate, and in 4 months of peak consumption, with Buy twice the export price.

Now, however, according to Ali Babaknia, the head of the Mining Working Group of the Blockchain Association of Iran, due to the notification of the new resolution of the Board of Ministers in the field of digital currency mining, the Ministry of Energy has started to re-examine its regulations and in the draft of the new regulation published by Tavanir Company These seasonal coefficients have been completely removed and electricity is supposed to be sold to miners at a fixed export rate throughout the year (no discount in 8 months and no 2 coefficient in 4 months).

Activists of the country’s mining industry now object to this possible change and say that in addition to making their plans based on this method, the removal of seasonal coefficients destroys the economic justification of working as a miner in the country and causes activists in this field to turn to illegal mining. will be

Babaknia told Erzdigital about this:

If the coefficient of one is to be considered for calculating electricity rates throughout the year, the request for grid electricity supply will definitely decrease, and on the other hand, the economic justification for the applicants will be lost and they will go for unauthorized electricity.

The head of the Mining Working Group of the Blockchain Association also says about how to calculate the export rate:

The government has calculated the average electricity export rate at 11 cents ($0.11), while this figure is the highest rate of electricity export sales to other countries, and this tariff cannot be used for the whole year. In this case, the average annual sales should be calculated.