“AI is going to destroy the world’s interconnected systems”: Bruno Vaccotti

Bruno Vaccotti, director of the Paraguayan Chamber of Fintech and promoter of Bitcoin mining, warned that “artificial intelligence (AI) is going to destroy the world’s interconnected systems” due to its inability to reduce electricity consumption in situations of stress on the network.

Bitcoin mining and AI data centers They do not differ in scale but in natureaccording to Vaccotti. When the electricity distributor detects voltage on the line, its 100 megawatt (MW) mining center operated through the Penguin Group company receives a warning and can act immediately.

They send us a WhatsApp from the energy company and tell us: ‘Hey, the line is stressed, we need you to turn off 80 megabytes.’ And in three clicks, in 10 seconds we can turn off 18,000 machines.

Bruno Vaccotti, director of the Paraguayan Chamber of Fintech.

This mechanism, known as the curtailmentthat is, the voluntary interruption of consumption at the request of the electricity distributor, allowed Penguin Group accumulate approximately 380 hours of modulation during the last year without consequences for the network. «The only damage there is is to the business, but not to the electrical system. The electrical system flows there,” he noted.

An AI data center operates under constant and inflexible demand. Unlike mining machines (which process calculations locally and can be shut down without ongoing data loss), AI systems transmit information continuously through specific network channels and require stable 24-hour connectivity.

This rigidity is, for Vaccotti, what makes AI a risk for electrical networks. The director of the Fintech Chamber pointed out that “artificial intelligence does not have that goodness” and that, when faced with a request to pause its operations because the electrical grid is stressed, “artificial intelligence is going to tell you, ‘I am more stressed’… Because artificial intelligence cannot be modulated.”

The limit on the Bitcoin mining and artificial intelligence pivot

This risk also affects miners seeking to reconvert their infrastructure to host AI loads. Public Bitcoin mining companies such as MARA (MARA), Riot Platforms (RIOT), among others, are already advancing on this path to expand their business towards AI.

As a consequence, a growing volume of external investment flowed into this transition, attracted in part because 80% of the infrastructure required by AI data centers (substations, transformers, high voltage connections) It is already in the hands of the mining operatorsaccording to Vaccotti.

The warning from the director of the Fintech Chamber of Paraguay points directly to this reconversion: “The miner who adopts AI, the megawatts he delegates to that industry, will not be able to modulate, he cannot respond,” he noted, which could clash with the circumstantial needs of a stressed electrical network. Miners who allocate part of their capacity to AI resign, in that portion, the operational flexibility that today allows it to respond to electricity distributors and that could make your operation more complex.

An example of this was experienced by Vaccotti at Penguin, when last year it tried to allocate just 2 MW of its 100 MW data center to AI processing under contract with a German company. The project required doubling the bandwidth of all of Paraguay.

Paraguay, explained the energy and mining specialist, operates through branches of indirect submarine cables (via Bolivia, Brazil and Argentina) without direct connection, which generates latency restrictions, the time it takes for information to travel through the networkwhich no amount of cheap energy can compensate for.

Given that context, The mining-AI pivot in the south is, for now, “a naturalistic fallacy”Vaccotti said.

The halving of 2028 and the Paraguayan window

At the level of the mining industry, Vaccotti projects, although “with the possibility of being wrong”, that the Bitcoin halving of 2028 will mark a turning point, since publicly traded miners will concentrate the market by absorbing private companies in the sector. The process is already underway, according to him: the four or five largest mining companies globally are actively acquiring other of the thirty largest private companies in the industry.

This horizon of consolidation gives urgency to Paraguay’s position. Feasibility studies to expand the country’s energy capacity are complete and investors with available capital are already on the table, according to Vaccotti, but The political decision has not yet been made. “The problem with windows is that they close,” he warned. The first part of this interview, already published by CriptoNoticias, covers the tensions around Resolution 47/2026 in Paraguay and the energy export policy to Brazil.

Finally, as a closing scenario he cited the possibility that the end of the war in Russia release several gigawatts of cheap energy to the global marketwhich would reorient mining investment towards that country and reduce the relative attractiveness of Paraguay.