Title: Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
Post by: Bitcoin on Jul 03, 2024, 06:53 am
Post by: Bitcoin on Jul 03, 2024, 06:53 am
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to the lack of clarity in the area. Paraguay Raises […]
Source: Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations (https://news.bitcoin.com/paraguay-raises-bitcoin-mining-power-fees-by-14-companies-mull-stopping-operations/)
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to the lack of clarity in the area. Paraguay Raises […]Source: Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations (https://news.bitcoin.com/paraguay-raises-bitcoin-mining-power-fees-by-14-companies-mull-stopping-operations/)