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Cryptocurrencies: 28447
Markets: 120110
Market Cap: $2,585,724,419,274     
24h Vol: $167,685,050,396
Bitcoin.com 2023-01-27 07:30:35

Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%

Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power fees makes mining hosting an unprofitable business in Paraguay.
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