The adoption of Bitcoin in Latin America is the result of the failure of fiat. The success of one country adopting Bitcoin is the inspiration for another. Gradually, and then suddenly. This is what government adoption of Bitcoin and cryptocurrencies in Latin America feels like. Despite the local particularities of each country, a transversal reason … Read more
In it episode twenty-one of Separating Money and StateIván Gómez spoke with Bruno Vaccotti, director of the Paraguayan Chamber of FinTech, founding partner of the Digital Asset Mining Chamber and organizer of Acelerando Bitcoin. Vaccotti presented an updated overview of Paraguay as one of the world’s most relevant players in Bitcoin: the country occupies fourth … Read more
Vaccotti says they will help regulators draft regulations for the sector. “We are working on generating an alternative,” said the Paraguayan bitcoiner. The recent tax rule in Paraguay, which imposes the obligation to report all operations with bitcoin (BTC) and other digital assets, could face fundamental structural modifications. Bruno Vaccotti, director of the Paraguayan Chamber … Read more
Paraguay has been seizing miners since 2018. Now that the mining industry has established itself, he scares it away with taxes. The Paraguayan government has been simmering the Bitcoin industry. This does not mean that the cooking has been homogeneous; sometimes they turn up the heat as if they wanted to burn themselves down like … Read more
According to Vera, Argentina has abundant energy resources, although “lack of infrastructure.” The manager said that in the Argentine short term it will not grow as much as Paraguay in BTC mining. Erick Vera, business development leader for Latin America of the Luxor company, dedicated Bitcoin Mining (BTC), referred to the potential and challenges that … Read more
The negotiation between the mining companies was closed for about 80 million dollars. Hive wants to expand the farm at 300 MW, while Bitfarms will focus on the US. Two large mining companies of Bitcoin closed a sale agreement in Paraguay so that a 200 MW mega-shan change ownership, in the midst of a wave … Read more
2024 was an interesting year for Bitcoin mining, marked by the growth of the industry and the launch of highly innovative equipment. However, the year that ends also witnessed the collapse of activity in Latin America, with unforgettable cases in Venezuela and Paraguay, two recognized mining strongholds in the region. Between both nations, this year … Read more
The National Electricity Administration (ANDE) of Paraguay confirmed that illegal cryptocurrency mining will continue among its priorities to combat electrical fraud in the country. In its Master Management and Control Plan for the Reduction of Electrical Losses 2024-2034 was raised The objective is to reduce electrical losses from the current 28% to 15%. This plan … Read more
24 hours a day, 7 days a week, the residents of the Santa Lucía neighborhood, in the town of Villarica, Paraguay, must endure the sound of Bitcoin miners who, at full speed, process the network on behalf of Bitfarms, one of the great companies in the emerging sector. Six months ago, the community organized and … Read more
These ASICs have a processing power of 185 TH/s and a consumption of 3420 watts. The mining center will be fully operational in the third quarter of 2025 and will offer 100 MW. Yesterday, November 11, a Bitcoin (BTC) mining company announced the purchase of 6,500 ASICs (specific application integrated circuits) and made official the … Read more