Increased GPU mining farms in Iran causing power outages

It’s no longer a secret that cryptocurrency mining has become increasingly popular among people these days who look to make money in a short span of time. However, for mining, you require a lot of horsepowers as well, which is why this year the new and powerful GPUs are in heavy demand.

This is one of the biggest reasons why the availability of both RTX 30-series and RX 6000 series GPUs are so weak as well as the prices are inflated. In the meantime, miners have now turned their attention in Iran, where the electricity is provided at cheap rates.

According to El Chapuzas Informatico, an investigation by Iranian authorities has revealed that the recent power outages in Iran are due to the growing popularity of mining farms in the country. Interestingly, Chinese companies are shifting their mining operations to Iran because the electricity costs in Iran is 4 times lower than in mainland China.

It is suspected that Iran now houses 14 large mining farms which consume around 300 megawatts of power, almost comparable to the power consumption of a city with about 100K inhabitants. So, while Iran has become a hotspot for miners, it is suspected that the hardware sold to them, mainly GPUs are being directly sold to miners.

- Advertisement -720x200

As Videocardz points out, these unfair means of sale is not a concern for the manufacturer or even board partners, as long as these GPUs get sold. This is the sole cause of why new GPUs are nowhere to be found, it will indeed take quite some time to recover the worse situation.


Raunak Saha
A cs engineer by profession but foodie from heart. I am tech lover guy who has a passion for singing. Football is my love and making websites is my hobby.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Stay Connected


Hot Topics


Latest Articles


All the upcoming Indian Web Series in March 2021

As the situation is under control so many new Indian web series are going to launch in March.  The OTT platforms have tried their...

Top 10 most expensive trophies in the world in 2020

Winning a trophy means a lot to any club or player! The importance of winning a trophy cannot be measured by money. But which trophy...

Lenovo Legion 5 Pro with up to AMD Ryzen 7 5800H & RTX 3070 available in Germany for €1,799

Lenovo's Legion gaming laptop series is exceptional for professional and casual gaming; among them, the Legion 5 model is one of the most "value...

Top 10 most valuable player in the world in 2021

Transfer window has reopened for the month of January already. CIES Football Observatory has released the list of most expensive players of the world. Here...