Paraguay's government just figured out the Bitcoin mining game.
After seizing thousands of illegal mining rigs, they realised these machines print Bitcoin. Now they want to mine it themselves with free government power.
Kent Halliburton from SAZ Mining explains the full cycle. First governments fight Bitcoin mining, then they try to extract maximum taxes, then they back off when miners leave, then they want to participate directly.
Paraguay went from hostile to wanting their own mining operation. Ethiopia following the same pattern.
This is how nation-states get orange-pilled on mining. They see the revenue potential of turning excess electricity into Bitcoin permissionlessly.
Watch the 37-min breakdown: https://www.youtube.com/watch?v=edKl_5cAe20
The future is governments competing to attract hashrate, not chase it away.
After seizing thousands of illegal mining rigs, they realised these machines print Bitcoin. Now they want to mine it themselves with free government power.
Kent Halliburton from SAZ Mining explains the full cycle. First governments fight Bitcoin mining, then they try to extract maximum taxes, then they back off when miners leave, then they want to participate directly.
Paraguay went from hostile to wanting their own mining operation. Ethiopia following the same pattern.
This is how nation-states get orange-pilled on mining. They see the revenue potential of turning excess electricity into Bitcoin permissionlessly.
Watch the 37-min breakdown: https://www.youtube.com/watch?v=edKl_5cAe20
The future is governments competing to attract hashrate, not chase it away.
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