A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power Administration (ANDE) correspond, in part, to illegal bitcoin mining […]
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Paraguay floats temp crypto mining ban as illegal ‘farms’ cripple grid
The ban would last 180 days or until new laws are enacted and the national power grid operator can ensure it can supply sufficient energy.
Bitcoin Mining Ban Proposed in Paraguay Over Power Problems
A proposed law would ban more than Bitcoin mining in Paraguay, with critics saying it could also outlaw crypto staking and even wallets.
Sazmining Establishes Sustainable Bitcoin Mining Facility In Paraguay
Sazmining powers sustainable Bitcoin mining in Paraguay with renewable energy.
Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power fees makes mining hosting an unprofitable business in Paraguay. […]
Bitcoin Miners’ High Hopes for Latin America Dented by Paraguay
LatAm was touted as a promise land for miners just last month, but a crypto mining-friedly bill in Paraguay was shot down last week.
Paraguay Legislature Fails To Pass Bill Regulating Bitcoin Mining
The country did not pass a bill that would have clarified rules regarding the cost of electricity imposed on bitcoin miners.
Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICs
According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer mining rigs that produce roughly 396 petahash per second […]
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
The legislature this month approved a bill regulating crypto mining and trading in the country.
Paraguay One Step Closer To Being a Paradise for Bitcoin Miners
A bill supporting crypto mining in the South American nation now awaits presidential approval.