Bitcoin

<p>In Paraguay, a surge in illegal cryptocurrency mining operations leveraging the nation's low <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">energy costs</a> has led to widespread power outages, prompting government intervention. Illegal connections by these clandestine operations to the electrical grid have overburdened Paraguay's energy supply, causing frequent service interruptions in a country known for its efficient and green hydroelectric power. This issue has become so prevalent that the National Electrical Administration (ANDE), along with other government entities, has initiated crackdowns on these unauthorized mining farms, resulting in numerous interventions and the seizure of thousands of cryptocurrency mining rigs, according to <a href="https://www.newsendip.com/mining-cryptocurrency-power-outages-paraguay-bitcoin/" rel="noopener noreferrer nofollow">Newsendip</a>.</p>
<p>Paraguay's enticingly low energy prices, primarily due to the hydroelectric power generated by the Itaipu Dam, have made it a hotspot for Bitcoin mining since 2019. This abundance of renewable energy at low costs presents a lucrative opportunity for <a href="https://ultramining.com/news/en/hut-8s-q2-2023-a-bitcoin-mining-marvel/" rel="noopener noreferrer nofollow">crypto miners</a>. However, the growth of unauthorized mining operations has led to significant energy losses, compelling the government to take strict measures against these illegal activities. Despite these challenges, Paraguay remains a key player in the global crypto-mining sector, with legal operations thriving under regulated conditions. The ongoing efforts by the Paraguayan government to address the electricity theft and stabilize the energy supply highlight the complex interplay between the burgeoning cryptocurrency industry and the need for sustainable energy management.</p>

Illegal Mining Operations Overwhelm Paraguay’s Energy Supply

Ultramining_Eng

2024年3月25日公開の他の記事

Charting a Course with $CAPTN: Join Our Community Voyage

Crypto-Green Alliance: Energizing the Future

The head of the Kraken cryptocurrency exchange advocates for the creation of a Bitcoin ETF in the...

Koala meme coin presale attracts Cardano and Avalanche investors

What is SuperRare Coin?

Matic Price Unaffected as Polygon zkEVM Beta Encounters Issue

ニュースレターを購読して暗号資産の最新情報を毎日入手！