Iranian authorities have confiscated about 45,000 Bitcoin mining machines

According to local Iranian media reports, Iranian police have confiscated about 45,000 Bitcoin mining machines that illegally used subsidized electricity. Mohammad Hassan Motavalizadeh, head of Iran's state-owned power company Tavanir, said that these miners consumed 95 megawatts of electricity per hour at super cheap prices, and the total consumption was equivalent to the electricity use of a city with a population of more than 500,000.