Bloomberg: Argentina's electricity subsidy policy promotes residents to switch to Bitcoin mining

Bloomberg: Argentina's electricity subsidy policy promotes residents to switch to Bitcoin mining

2021/6/1

According to the report, in the context of economic uncertainty and the government's large amount of electricity subsidies, more and more Argentine residents are turning to Bitcoin mining. Even after the price of Bitcoin is corrected, anyone who digs in his house will still have electricity bills that are only a tiny part of the total income generated by the mining. It is said that consumer electricity bills only account for 2-3% of the average monthly income of Argentines.


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