Paraguay becoming a new Mecca for miners
A miner is a rather pragmatic and predictable creature: they usually inhabit the areas with the cheapest energy. And Paraguay has one of the cheapest and most affordable electricity rates now.
On this page
The Itaipu Dam, which fully supplies Brazil, Paraguay and Argentina with electricity, generates a huge amount of cheap energy (14 GW), which significantly exceeds the needs of the region's residents. The population and industry use only a quarter of the generated power.
If Paraguayan regulators lift restrictions on mining, Asunción would become the largest cloud crypto mining hub.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
