Felix 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 Have Left Paraguay Even With Recent Power Hikes
Felix Sosa, head of the National Power Administration of Paraguay (ANDE), has disregarded the reports indicating that the recent power hikes enacted by the institution had caused a cryptocurrency mining company exodus. According to local press reports, Sosa stated that no cryptocurrency mining company had rescinded its contracts with the institution.
Rather, Sosa stressed that ANDE had signed a new 6MW contract with an unidentified crypto-mining company that will operate in Coronel Belbrano, Itapua, adding one more company to the ones operating legally in Paraguay’s cryptocurrency-mining business.
With this addition, 72 cryptocurrency companies are operating in Paraguay, and more are waiting for approval to establish their operations. Per Sosa’s data, 400 MW in projects are waiting to be greenlighted by the government to operate.
About the process of approval, Sosa stated:
A technical evaluation is carried out to verify where to install, where ANDE has power availability for the installation of this type of load.
Sosa’s remarks line up with what Paraguayan President Santiago Pena had said before, assessing that the already applied 15% power rate hike enacted to the cryptocurrency mining industry would not discourage companies from entering and setting up their activities.
Nonetheless, companies like Penguin Group had already signed contracts to move their operations to Brazil, citing ANDE’s “excessive greed” as the cause for these actions. Even with these actions, Sosa estimated that the Paraguayan government would receive $100 million in income from these crypto-mining operations this year.
Industry insiders estimate that power supplied to cryptocurrency mining operations accounts for 13% of all the income received by ANDE. This will rise to 20% once all the projects waiting to enter the country get approved and start operating.
Hi my family member I want to say that this post is awesome nice written and come with approximately all significant infos I would like to peer extra posts like this
certainly like your website but you need to take a look at the spelling on quite a few of your posts Many of them are rife with spelling problems and I find it very troublesome to inform the reality nevertheless I will definitely come back again
I do not even know how I ended up here but I thought this post was great I dont know who you are but definitely youre going to a famous blogger if you arent already Cheers
buying generic clomiphene without prescription can i order generic clomiphene pills where buy cheap clomiphene without dr prescription where can i buy clomid without prescription buying generic clomid no prescription where buy generic clomid can you buy generic clomid for sale
I’ll certainly return to read more.
More posts like this would force the blogosphere more useful.
order azithromycin 250mg online – tindamax brand flagyl 200mg us
order rybelsus 14mg generic – order rybelsus online cheap buy cyproheptadine cheap
domperidone 10mg oral – sumycin 500mg without prescription cyclobenzaprine 15mg ca
cheap augmentin 375mg – atbioinfo how to get acillin without a prescription
buy cheap nexium – anexa mate nexium price
purchase medex pill – cou mamide buy losartan online
mobic 7.5mg cheap – https://moboxsin.com/ brand mobic 15mg
deltasone 20mg cost – apreplson.com order deltasone pill
where can i buy ed pills – buy ed pills generic buy ed pills sale
fluconazole for sale online – order diflucan pill fluconazole 200mg pills
cenforce 50mg canada – https://cenforcers.com/# brand cenforce
where to buy liquid cialis – ciltad genesis cialis for sale toronto
zantac 150mg brand – https://aranitidine.com/# ranitidine 300mg oral
purchase cialis – https://strongtadafl.com/ teva generic cialis
This is the big-hearted of scribble literary works I rightly appreciate. fildena comprar 100mg
where do you buy viagra – cuanto sale el viagra en uruguay sildenafil tablet 50 mg
This is the compassionate of writing I positively appreciate. buy isotretinoin online
More posts like this would make the online space more useful. https://ursxdol.com/cenforce-100-200-mg-ed/
The depth in this piece is exceptional. https://prohnrg.com/product/lisinopril-5-mg/
This is the stripe of serenity I get high on reading. https://aranitidine.com/fr/viagra-professional-100-mg/
The thoroughness in this piece is noteworthy. https://ondactone.com/spironolactone/
This is the kind of post I turn up helpful.
buy plavix for sale
Thanks on sharing. It’s first quality. https://sportavesti.ru/forums/users/pnlzn-2/
order forxiga without prescription – https://janozin.com/# dapagliflozin 10mg for sale
order xenical without prescription – https://asacostat.com/# xenical over the counter