Your Daily Digest of Global Stories
The operation represented a loss close to 130 million Guarani, about 17 thousand dollars. Those involved are exposed to sentences of up to a decade of jail. An installation of cryptocurrency mining that operated clandestinely in the department of Alto Paraná, Paraguay, was dismantled during an operation carried out by the National Electricity Administration (ANDE)….
A clear regulatory framework is essential to establish a BTC reservation. In recent years, Paraguay has experienced an increase in illegal Bitcoin mining. Paraguay, a country with abundant energy resources, has the opportunity to consolidate as an even more relevant actor in the Bitcoin (BTC) sector and cryptocurrencies, by creating a strategic BTC reserve. Taking…
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…
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…
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…
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…
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…
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…
Officials from the Anti-Narcotics Department of the Paraguayan National Police carried out an operation in the city of Pedro Juan Caballero, capital of the department of Amambay, where they seized more than 100 ASIC Bitcoin miners and detained two individuals. The raid took place in the Jardín Aurora neighborhood. The operation took place after a…
Key facts: The criminals escaped with more than 15 Bitcoin ASIC miners. Police found another 7 mining machines at the site, which were confiscated. In the San José neighborhood of Ciudad del Este, Paraguay, a robbery of Bitcoin miners ended in a violent confrontation between criminals and police, during which gunfire was exchanged. Still, the…
