{"id":417932,"date":"2021-06-01T10:24:26","date_gmt":"2021-06-01T04:54:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417932"},"modified":"2021-06-01T11:37:50","modified_gmt":"2021-06-01T06:07:50","slug":"crypto-mining-booms-on-cheap-subsidised-energy-in-argentina","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crypto-mining-booms-on-cheap-subsidised-energy-in-argentina\/","title":{"rendered":"Crypto mining booms on cheap, subsidised energy in Argentina"},"content":{"rendered":"<p>While numerous countries have experienced booms in crypto mining this year, ultra-low utility rates and the resurgence of capital controls are helping supercharge profits for miners in the South American nation. For many experts, it\u2019s yet another example of Argentines\u2019 perennial ability to bend the nation\u2019s heterodox policies to their advantage. <\/p>\n<p>\u201cEven after Bitcoin\u2019s price correction, the cost of electricity for anyone mining from their house is still a fraction of the total revenue generated,\u201d said Nicolas Bourbon, who has experience mining digital currencies from Buenos Aires. <\/p>\n<p>Cryptocurrencies have long been trumpeted in Argentina as a way for locals to hedge against cyclical economic crises, including repeat currency devaluations, defaults, hyperinflation, and now, a three-year recession made worse by the pandemic. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>While numerous countries have experienced booms in crypto mining this year, ultra-low utility rates and the resurgence of capital controls are helping supercharge profits for miners in the South American nation. For many experts, it\u2019s yet another example of Argentines\u2019 perennial ability to bend the nation\u2019s heterodox policies to their advantage. \u201cEven after Bitcoin\u2019s price correction, the cost of electricity for anyone mining from their house is still a fraction of the total revenue generated,\u201d said Nicolas Bourbon, who has experience mining digital currencies from Buenos Aires. Cryptocurrencies have long been trumpeted in Argentina as a way for locals to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-417932","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=417932"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417932\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}