Bitcoin Mining in Paraguay: Threat or Benefit for the Electric Grid? 🇵🇾⚡
Often, Bitcoin mining is seen as an activity that consumes enormous amounts of energy, raising concerns about the stability of electric grids.
A recent report from the National Electricity Administration (ANDE) of Paraguay offers a different and very interesting perspective.
Contrary to popular belief, ANDE claims that Bitcoin mining in the country is not negatively affecting the electricity supply.
They suggest that this industry could be the solution to a long-standing problem: the energy surplus.
Paraguay, with the Itaipu dam, generates a quantity of hydroelectric power that far exceeds its domestic demand.
For a long time, this surplus has been sold to Brazil at a low price. Bitcoin mining, with its constant need for energy, represents an opportunity to consume that surplus profitably within the country.
Key Points:
No negative impact: ANDE assures that mining does not jeopardize the electrical supply to the population.
Utilization of surplus: The mining industry could be the ideal customer for the energy that Paraguay does not consume.
Possible economic solution: Instead of selling energy at a low cost, Paraguay could capitalize on it through cryptocurrency mining, generating greater income and development.
This case highlights how a country with energy resources can find in Bitcoin mining not an obstacle, but a catalyst to optimize its resources and generate economic growth.
Do you think other countries with energy surpluses should follow Paraguay's example?
Leave us your comment!
Disclaimer⚠️
The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice.
