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❕NEWS Bitcoin mining is at a high in Argentina

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AudraMiller

AudraMiller

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Bitcoin mining is being clamped down all across the world and whilst there re some countries that are imposing regulations that are causing the bitcoin mining farms to be shut down, there are others that are seeing an increase in their mining activities. Bitcoin mining in Argentina is reaching all time highs as Argentina is able to offer cheaper energy systems to run the mining rigs. As a result it is said that the people mining from their homes only use 2% of their household energy to still mine profitably.
 
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Niftyicon said:
Cheap energy is surely needed for someone to mine bitcoin profitably and those countries that are yet to strictly regulate mining should enjoy before such regulations come to play.
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Yes, i think that with all of the attention that Argentina is getting right now and there being so many people that are looking to move mining facilities there that there would inevitably be some restrictions implemented to try and control and ease strain from mining.
 
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