The proposal to increase electricity tariffs for Bitcoin miners in Paraguay could have a detrimental impact on the economy and job market, potentially leading to significant financial losses and instability. It raises concerns about the country's reputation as a reliable destination for international investors and risks the livelihoods of over 1,170 direct employees in the Bitcoin mining sector.
Impact of Increased Electricity Tariffs on Bitcoin Mining in Paraguay (Summary)
by Giorgi Kostiuk
2 years ago
0
Other news
Traders Shift Focus from Established Meme Coins to New Opportunities
Traders are shifting focus from established meme coins to new opportunities like Apeing, prioritizing early access and structured entry points in a cautious market.
Bitchat Becomes Most Downloaded App in Uganda Amid Internet Shutdown
Bitchat has surged to the top of app charts in Uganda as the government cuts internet access during the presidential election.
Games Workshop Prohibits Generative AI in Design Processes
Games Workshop has announced a formal policy prohibiting the use of generative AI in its design and creative processes to protect intellectual property and prioritize human creators.
US Senators Introduce Bill to Protect Blockchain Developers
US Senators Cynthia Lummis and Ron Wyden have introduced the Blockchain Regulatory Certainty Act to protect blockchain developers from being classified as money transmitters.
Bhutan's Bitcoin Initiative Promotes Green Energy Use
Bhutan has been mining Bitcoin since 2019 using green energy, promoting sustainability and influencing global discussions on eco-friendly cryptocurrency practices.
Bhutan Allocates 10,000 BTC for Gelephu Mindfulness City
King Jigme Khesar Namgyel Wangchuck announces the allocation of 10,000 Bitcoin to fund the Gelephu Mindfulness City project, reflecting Bhutan's commitment to economic growth and youth development.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter