Venezuela has officially banned bitcoin and other cryptocurrency mining to protect its strained power grid. The Ministry of Electric Power announced the disconnection of mining farms from the national power network to curb excessive energy use and ensure stable electricity supply. The national cryptocurrency association confirmed on X (formerly Twitter) that all mining activities are […]
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New bitcoin mining farm powered entirely by renewable energy opens in Paraguay
Paraguay is set to accommodate a fresh cryptocurrency mining farm. The Bitcoin mining services provider, Sazmining, has announced plans to launch a cryptocurrency mining facility entirely powered by renewable energy, tapping into the South American nation’s clean surplus electricity. According to the Sazmining team, the new center will have the capacity to house 1,600 user-owned […]