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NEW: Bitcoin mining in Paraguay consumes 30% of all the energy consumption of the country, with risks of a crisis in 2029 if hydrological conditions remain favourable, according to energy researcher Victorio Oxilia.

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Tommy "The Purchase" · 8w
Well, if the mining meets a market demand, the power grid will be improved accordingly, if it doesn't, the mining will go away or be reduced. If it's merely kept alive by government subsidy and political will, well the good people of Paraguay better keep some candles and firewood on hand 😅