Paraguay Eyed as New Bitcoin Mining Destination – Bitcoin News
Paraguay is one of the destinations that is being considered by various companies for setting up their mining operations.
Source: bitcoin.com
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Chinese investors eye Paraguay for Bitcoin production
In China 6,000 MW of energy supply were turned off, while Paraguay has an energy surplus of 5,500 MWfrom Yacyretá and Itaipú. Paraguay is to receive large investments to install 500,000 Bitcoin miners, as at least eight Chinese economic groups have expressed their interest in relocating their operations to the South American country thanks to its favorable legislation. According to a report carried Thursday by the Argentine outlet Ambito, the exodus of Bitcoin miners from China to Paraguay and a bill to regulate the mining of digital assets in the country currently un...
Source: mercopress.com