Institutional miners and hobbyists alike are taking advantage of energy subsidies to cash in.
While the broader crypto market suffers through a painful slump, a new report today indicates that Bitcoin miners in Argentina are thriving as they take advantage of convoluted energy policies. A report from Bloomberg republished in the Buenos Aires Times says that residential mining is picking up due to a mix of factors, including currency controls, energy subsidies, and rampant inflation. The favorable mix of conditions has even brought in international attention as Canadian mining company Bitfarms Ltd. looks to set up what will reportedly be the largest mining operation in South America — part of a flourishing crypto business scene throughout the country. Earlier in the year, Bitfarms estimated that the new facility could mine BTC at a cost of just over $4,000 per coin. „Although the price of bitcoin is at its lowest level in
Źródło: https://cointelegraph.com/news/report-amid-pullback-argentinian-bitcoin-miners-thriving
