Bitcoin

<ul><li>Hashlabs Mining co-founder Jaran Mellerud warns that banning Bitcoin mining in Paraguay could result in over $200 million yearly losses.</li><li>The draft bill introduced on April 4 seeks a temporary 180-day ban on crypto mining to address electricity disruptions from unauthorized power usage.</li><li>According to Mellerud, the legislation&#39;s broad scope could inadvertently affect the legal crypto-mining economy, impacting major players.</li></ul>Jaran Mellerud, co-founder and chief mining strategist of Hashlabs Mining, says Paraguay could potentially experience economic losses exceeding $200 million if the nation moves forward with a legislative proposal to ban cryptocurrency mining. Mellerud’s comments follow a <a href="https://silpy.congreso.gov.py/web/expediente/130831" rel="noopener noreferrer nofollow">draft bill</a> introduced on April 4 that aims to place a temporary ban on cryptocurrency mining operations.Mellerud emphasized the importance of Bitcoin mining to the national economy. He argued, &#34;Banning Bitcoin mining could cost Paraguay more than $200 million a year,&#34; adding that legal mining operations currently consume around 500 megawatts at an operating expense of $0.05 per kilowatt-hour.The bill was motivated by disruptions to the electricity network attributed to unauthorized mining activities. As such, it proposes a 180-day ban on crypto mining until new regulations are established. This period is intended for the national power grid operator ANDE (Paraguay’s National Electricity Administration) to ensure sufficient energy supply.<a href="https://cryptotale.org/hashlabs-co-founder-raises-alarm-over-paraguays-crypto-mining-ban/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Hashlabs' Co-founder Raises Alarm Over Paraguay's Crypto Mining Ban

CryptoTale

Другие статьи, опубликованные 8 апр. 2024 г.

5 Altcoins Predicted for a 300X Breakout Amid Market Fluctuations

DOGE, SHIB supporters anticipate massive returns in Koala Coin presale

Investors Favor Crypto Assets as Capital Inflow Surges

As NEAR Protocol (NEAR) Expands, Enthusiasts Discover New Opportunities with Koala Coin (KLC) and...

Three Protocol, Tectum’s First Incubated Project

China’s Fund Submits Spot Bitcoin ETF Application in Hong Kong, Hints at Q2 Launch

Подпишитесь на нашу бесплатную рассылку и получайте новости криптовалют каждый день.