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Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church

Bitcoin.com
Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church
ANDE
Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a ChurchThe National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers intervened and removed this illegal connection, estimating that it […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs

Bitcoin.com
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs
$POWER
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 JobsA report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. Paraguayan Bitcoin […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

9 Bitcoin Mining Companies Suspend Activities After Power Fee Hikes in Paraguay

Bitcoin.com
9 Bitcoin Mining Companies Suspend Activities After Power Fee Hikes in Paraguay
ANDE
9 Bitcoin Mining Companies Suspend Activities After Power Fee Hikes in ParaguayNine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their service terminated due to the interruption of their payments, or just because they did not want to continue operating. Power Fee […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin

Bitcoin.com
Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin
ANDE
Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches StablecoinWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps seizing illegal bitcoin mining operations. El Salvador to Educate 80,000 Public Servants on […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation

Bitcoin.com
National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation
ANDE
National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining OperationThe National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment connected to the power grid. The detection was carried out using SCADA systems. Paraguay Keeps Chasing Illegal Bitcoin […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet

Bitcoin.com
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
ANDE
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left YetFelix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil

Bitcoin.com
Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil
ANDE
Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for BrazilThe recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground

Bitcoin.com
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to 0,000 to Operate Underground
ANDE
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to 0,000 to Operate UndergroundSalyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations

Bitcoin.com
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
ANDE
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping OperationsThe National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to the lack of clarity in the area. Paraguay Raises […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

National Power Administration ANDE Employees Allegedly Involved in Setting up Illegal Bitcoin Mining Farms in Paraguay

Bitcoin.com
National Power Administration ANDE Employees Allegedly Involved in Setting up Illegal Bitcoin Mining Farms in Paraguay
ANDE
National Power Administration ANDE Employees Allegedly Involved in Setting up Illegal Bitcoin Mining Farms in ParaguayNational Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin mining farms in Paraguay. According to local sources, seven engineers of the institution would have been installing bitcoin farms across the country as the prosecutor’s office is carrying out this investigation with ANDE’s cooperation. Seven ANDE Engineers Involved in […]
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Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

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