Central Bank of Argentina exposes Bitcoin and other cryptocurrencies miners

The Central Bank of the Argentine Republic (BCRA) inaugurated an unprecedented exhibition in its Historical Museum. The exhibition, shared by the artist Alberto Echegaray and titled “Art, Artificial Intelligence and the future of the economy”, presents for the first time to the public, several Bitcoin miners and other crypto assets in operation.

The exhibition, which will open its doors to the public this Friday, includes not only ASIC miners for Bitcoin and GPU rigs for other cryptocurrencies, but also the famous “Moneyballs” created by Echegaray since 2014, which are made with destroyed paper money.

Echegaray, a pioneer in the use of cryptocurrencies, both in Argentina and in the United States, commented on the exhibition: “on this occasion I am showing within a Central Bank, for the first time, the miners and the entire system behind cryptocurrencies. , especially Bitcoin and Ethereum. “Nothing like this has ever been done in any museum in the world.”

Echagaray mentions that it is showcasing Ethereum mining equipment, but it is important to clarify that Ethereum has stopped using the mining method since the transition to its new consensus algorithm, Proof of Stake, which was completed with the known update as “The Merge” in September 2022.

In any case, this event not only marks a milestone in the field of art and the digital economy, but also reflects a change in the perception of the BCRA regarding cryptocurrencies. Recently, as CriptoNoticias has reported, the BCRA and other Argentine regulators have shown an openness towards the world of cryptocurrencies, which translates into potential more favorable regulation for the integration of these technologies into the traditional financial system.

The exhibition, which officially opened on Thursday, October 31, will be open to the general public from 10 a.m. to 4 p.m. (local time). It also exhibits destroyed bills, symbolizing a nod to the future of currencies and the dematerialization of money.

Echegaray, known for his works with shredded banknotes, has traveled to 17 Central Banks in the last 12 years, destroying money in each of them, as indicated on a plaque in the exhibition: “According to the artist’s vision, the disappearance of the paper money is a matter of time, so that in the future we will only find it in Museums and Private Collections.”

In dialogue With the local press, Echegaray highlighted the importance of this event: “It is a historical event. No Central Bank has touched working mining equipment and it is good that not only people in the art world see this, but that all those interested in economic and digitalization systems can also see it.”

“Increasingly, what are assets in the economy are becoming digital. Banks talk about tokenization, which is irreversible. This is going to open a huge market for technology and for these systems, which are going to be computing. The machines that I am presenting at the BCRA allow us to understand the system in which it is forged,” said the artist.

This article was created using artificial intelligence and edited by a human Editor.