The government says that mining “presents challenges to the infrastructure of the concession area to which they are connected.”
China’s crackdown on mining has led miners to search for other countries to continue their operations. Promises of reduced costs led some to Argentina. However, the country’s government has now applied new rates for crypto miners in the province of Tierra del Fuego.Argentina’s Energy Secretary of the Ministry of Economy published and announced resolution 40/2022, eliminating the energy government subsidies for crypto mining energy usage. The new rates make mining in the country up to four times more expensive than it used to be.According to the resolution, the hourly and seasonal energy used by miners is intense and constant. Because of this, crypto mining “presents challenges to the infrastructure of the concession area to which they are connected.”The resolution adds that because th
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