Paraguay seizes 2,738 ASICs as power theft crackdown continues

Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.

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Paraguay Expels Three Undocumented Immigrants Following Attempted Theft in Crypto Mining Incident

Paraguay recently took action against three undocumented immigrants following their involvement in a botched attempt to steal cryptocurrency through mining activities. The individuals in question were found to be engaging in illegal mining operations, prompting the authorities to swiftly deport them. The incident serves as a reminder of the risks associated with unregulated cryptocurrency mining. [...]

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Bitcoin Mining Ban Threat: Paraguay Faces $200M Economic Plunge

Bitcoin mining has been a hot topic in Paraguay recently, with discussions revolving around the potential ban on crypto mining in the country. The debate intensifies as the economic implications come to light. According to Jaran Mellerud, co-founder of Hashlabs Mining, the consequences of such a ban could be dire for Paraguay’s economy. The proposed […]

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Senators Halt Bitcoin Mining Ban, Anticipate $125M Revenue Surge

Paraguay finds itself at the center of a contentious debate surrounding Bitcoin mining, as lawmakers weigh the potential benefits and drawbacks of embracing this burgeoning industry. In a recent turn of events, Paraguayan senators have put a temporary halt to a proposed blanket ban on cryptocurrency mining, opting instead to explore alternative avenues. The proposal […]

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Sazmining Establishes Sustainable Bitcoin Mining Facility In Paraguay

Sazmining, a hosted Bitcoin mining provider committed to 100% renewable energy, has set its sights on South America with the establishment of a new facility in Paraguay. Slated to commence operations on September 15th, the facility takes advantage of Paraguay’s low electricity prices, offering hosting at an competitive rate of 4.7 cents per kWh – [...]

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Paraguayan Crypto Law Put on Hold After Dwindling Support

After failing to get enough traction in the Deputy Chamber, the Paraguayan cryptocurrency bill that had been submitted to Congress

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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.

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Bitfarms Increases Bitcoin Mining In August 2022

Bitfarms mined 534 Bitcoins for an average of 17.2 BTC/day in August 2022 alone, up 50% from August 2021.

Continue reading Bitfarms Increases Bitcoin Mining In August 2022 at DailyCoin.com.

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Paraguay President Vetoes Crypto Mining Regulation

The decree set a ceiling on the rates at 15% over the present industrial tariff. Félix Sosa, head of Paraguay’s

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Paraguay Vetoes Bill to Regulate Crypto Mining Due To High Energy Consumption

The presidential decree rejects the mining of Bitcoin (BTC) and other cryptocurrencies, considering that it is not an industrial activity that generates little employment and consumes a lot of electricity.

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Paraguay’s Bitcoin [BTC] Bill Targets Mining and Trading

A highly anticipated bill seeking to regulate mining and trading in Bitcoin [BTC] and other crypto-assets in Paraguay finally gets the green signal from the country’s Senate as per a recent announcement. Revealing more about the same, Senator Fernando Silva Facetti, one of the co-authors of the bill, said on his official Twitter handle that the […]

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Paraguay’s Bitcoin Bill Passes the Senate

The bill, which does not make bitcoin legal tender in Paraguay, will be discussed by the country’s Chamber of Deputies in 2022.

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Central Bank of Paraguay Warns About Bitcoin And Plans To Launch It’s CBDC

The issuing institute recalled that bitcoin is not a legal tender in the country and pointed out that it is being used in criminal activities.

Continue reading Central Bank of Paraguay Warns About Bitcoin And Plans To Launch It’s CBDC at DailyCoin.com.

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Paraguayan Congressman Would Make Bitcoin Legal Tender If Elected President

Carlitos Rejala, who co-authored a Bitcoin bill in July, said if he wins presidency he will turn bitcoin into an official currency in Paraguay.

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Hive Digital buys 6,500 ASICs, starts Paraguay construction

Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity.

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