As per a report from Bloomberg, President Hassan Rouhani declared the blanket ban on Bitcoin mining from the Nation in a speech on state television on Wednesday.

The nationally prohibition will allegedly continue until September together with the authorities keen on ensuring accessibility to electricity to domestic consumption through the warm summer months that are historically peak intervals for electricity demand.

Included in the speech, President Rouhani alleged that most the crypto mining action in Iran – around 85 percent – was jobless. Really, Cointelegraph recently reported to a crackdown from the police on miners using power intended for home consumption.

Iran started a practice of nationalizing its own crypto mining industry back in 2020 after months of dealing with prohibited crypto mining actions. Back in January 2020, the nation issued approximately 1,000 licenses for cryptocurrency mining from the nation.

Crypto miners are connected to sweeping blackouts in Iran. Back in April, Chinese investors rebooted the nation’s biggest Bitcoin mining centre after being closed down for four weeks amid complaints which the farm was absorbing a large part of the local power supply.

Aside from disruptions to power distribution, the uptick in crypto mining action from Iran has also been inked together with the nation’s worsening air quality.

President Rouhani’s ban could wear a dent on projections of Bitcoin mining supplying $1 billion yearly earnings for the regime in Tehran. Iran’s crypto adoption driveway was viewed by many as a way to circumvent crippling economic sanctions imposed by the USA.

Iran’s crypto mining crackdown comes fast on the heels of accounts of a wider cryptocurrency mining prohibition at China. Meanwhile, the miners in North America are allegedly looking for methods to move towards greater environmentally friendly operations.