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New bitcoin mining farm powered entirely by renewable energy opens in Paraguay
Paraguay is set to accommodate a fresh cryptocurrency mining farm.
The Bitcoin mining services provider, Sazmining, has announced plans to launch a cryptocurrency mining facility...
Covert bitcoin mining in Paraguay drives up electricity consumption
Paraguay is one of the Latin American countries with the highest bitcoin mining activity.
Paraguay's National Electricity Administration (ANDE) reported Thursday (27) that the country's...
Paraguay sets electricity rates for bitcoin miners
Low electricity prices in Paraguay have put the landlocked South American country on the bitcoin mining map.
According to a decision by the country's main...
Paraguayan Senate approves Bitcoin Law regulating cryptocurrencies
The adoption of cryptocurrencies in Latin America is growing by leaps and bounds, with more and more governments interested in this trend.
In 2021, El...
Mining 1 bitcoin in Paraguay costs much less than in the U.S.
RIO DE JANEIRO, BRAZIL - Bitcoin mining in Latin American countries such as Paraguay is cheaper than in any U.S. state. The comparison arose...
Bitcoin ATMs could soon return to Paraguay
RIO DE JANEIRO, BRAZIL - A new bitcoin (BTC) ATM is about to land in Paraguay. The location is yet to be determined well...
Paraguay’s Central Bank cautions against bitcoin and projects its CBDC
RIO DE JANEIRO, BRAZIL - Fear, uncertainty and doubt (FUD) are the emotions conveyed by the Paraguayan institution's message, which is quite similar to...
Paraguay poised to legalize use of bitcoin and cryptomining
RIO DE JANEIRO, BRAZIL - The South American country this week discussed a bill in the Senate that has been pending for several months,...
Bitfarms mines 3,000 bitcoins in 2021, plans to enter Paraguay, then Argentina
RIO DE JANEIRO, BRAZIL - "We expect to begin initial production in Paraguay by the end of the year," Bitfarms stated. The company previously...
More companies looking to Paraguay as Bitcoin mining destination
RIO DE JANEIRO, BRAZIL - Paraguay's dream of becoming a mining center now seems to have become a reality. Bitcoin.com reports that Paraguay is...
Bitfarms to install 3,000 circuits in Paraguay to mine Bitcoin with hydroelectric power
RIO DE JANEIRO, BRAZIL - According to a press release by Canada-based mining farm operator Bitfarms, the signing of an agreement with power providers...
Paraguay’s Legal Battle Against Crypto Energy Theft
Paraguay has unveiled a plan involving the Public Ministry and Judicial Power to halt unauthorized Bitcoin mining that threatens its electrical grid's quality and...
Home Bitcoin mining still profitable in parts of Latin America
In 2023, Bitcoin has seen a resurgence, with its value surging nearly 60% since December 2022, though it remains 61% below its peak price...
Bitcoin payment provider moves headquarters to El Salvador
Bitcoin payment provider Strike is moving its headquarters to El Salvador and is now available in 11 Latin American countries.
These are Argentina, Costa Rica,...