Bitcoin Mining Not Causing Any Energy Issues, Says Paraguay Power Provider
Main Idea
Paraguay's power provider states that Bitcoin mining is not causing energy issues, with plans to expand mining capacity to 1,000 MW by the end of 2025, utilizing surplus renewable energy from the Itaipú Dam.
Key Points
1. Bitcoin miners in Paraguay currently use over 700 MW of energy, with plans to expand to 1,000 MW by the end of 2025.
2. The National Electricity Administration (ANDE) claims crypto mining does not affect the population's energy supply, utilizing surplus power from the Itaipú Dam.
3. ANDE describes the energy used by miners as 'abundant, renewable, and affordable,' with rates structured by voltage levels.
4. An engineer disputes ANDE's claims, stating actual billed consumption to crypto miners was only 255.5 MW in 2024 and suggests a potential rate hike.
5. Local communities and some lawmakers have raised concerns about crypto mining, with past seizures of mining equipment and petitions for temporary bans.
Description
Bitcoin mining operators are putting less of a strain on Paraguay’s power grid than engineers initially feared, the nation’s power provider says. Per the Spanish-language news outlet Criptonoticias , the comments came from Félix Sosa, the President of the National Electricity Administration (ANDE). Speaking at a recent blockchain technology -related conference, the power chief said that crypto mining in Paraguay does not affect the population’s electricity supply. The Itaipú Dam. (Source: Wutzof...
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