News list for " Paraguay"
On January 7, the Venezuelan Foreign Ministry issued a communiqué saying that it had decided to break diplomatic relations with Paraguay and immediately recalled its diplomatic personnel.
Paraguay's National Electricity Authority (ANDE) recently discovered and seized an illegal bitcoin mining operation with 693 miners. ANDE inspectors discovered a tampered meter that failed to record all the electricity consumed by devices connected to the grid. The detection was carried out using the SCADA system.
On July 19, Paraguay's national grid operator, the National Electricity Authority (ANDE), announced at a press conference that it will continue to raise electricity prices for legal crypto miners as planned. However, Paraguay's crypto miners have urged the country's regulators to reconsider the upcoming increase, arguing that it will hurt the country's economy and could cause losses of up to $1.50 billion.
Canadian-listed miner HIVE Digital has announced plans to build a 100 trillion watt hydroelectric data center in Paraguay with the goal of increasing its bitcoin mining hash rate to more than 12 EH/s by next year. As part of the expansion, HIVE has acquired an additional 500 S21 Pro Antminers. As of July 21, 2024, HIVE held 2,521 BTC, worth approximately $170 million.
Paraguay's Senate has passed a law punishing cryptocurrency mining theft with up to 10 years in prison.
12:00-21:00 Keywords: CoinDCX, Paraguay, Galaxy The number of Americans who filed for unemployment benefits for the first time last week was 238,000. 2. Indian cryptocurrency exchange CoinDCX acquires BitOasis. 3. Analysts: BTC is expected to rise to $150,000 after the Mt. Gox distribution is completed. The Paraguayan National Electricity Authority has increased electricity bills for cryptocurrency mining operators by 14%. 5. Head of Asset Management at Galaxy Digital: Expected to launch a spot ...
The Paraguayan National Electricity Authority (ANDE) has increased electricity rates for cryptocurrency mining operators by 14 percent, affecting the profitability of cryptocurrency mining. The lack of clarity in the field has already led to the exit of a company that planned to invest more than $400 million in Paraguay.
Employees of the Paraguayan National Electricity Authority (ANDE) have been accused of being directly involved in the establishment of illegal bitcoin mining farms in Paraguay. Seven engineers employed by the country's National Electricity Authority (ANDE) will be involved in organizing illegal connections to power bitcoin operations in Paraguay. The head of the National Electricity Authority, Felix Sosa, clarified that the agency's internal audit department is conducting a verification and orga...
The bitcoin mining industry in Paraguay is reacting to the involvement of the National Electricity Authority (ANDE) in the closure of several illegal bitcoin mining farms. Bruno Vaccotti, head of public affairs at bitcoin mining company Penguin, has revealed the existence of "vulture contracts" that have slowed the growth of bitcoin mining operations in Paraguay. Vaccotti said Penguin pays $850,000 a month for electricity, almost 2 million ANDE claims it lost due to illegal mining activities.
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